Yesterday we saw a Bullish engulfing candle on the Daily close, I expected a continuation to take place, due to the AUD news I expected to see some AUD weakness this week.
So we used Fib retracement to plan an entry on ETGFX trade planning webinar last night, we looked at the 38.2 Fib as a potential area to get into, The Red line was our entry, I expected the news to spike us in before an upward move
Exactly what it did - We now have stop loss at entry and will ride this to the 1.6450
So we used Fib retracement to plan an entry on ETGFX trade planning webinar last night, we looked at the 38.2 Fib as a potential area to get into, The Red line was our entry, I expected the news to spike us in before an upward move
Exactly what it did - We now have stop loss at entry and will ride this to the 1.6450