Aud/Usd Stop loss Hit!! 20 Pips But still a wonderful Trade
We Got stopped out cause of the stop loss was tight. for those who entered at 78.8% fib retracement you could have being sitting around 65 pips. i will link the previous post so you can adjust and learn what you need to pay attention to.
Valid fib retracement level to pay attention is 50%,61.8%,78.8% with confirmation of reversal or break of structure in lower timeframe like in M30 or M15
so after we got stopped out we had a beautiful touch of 78.8% and structure was broken and price started showing lower highs. which show that we can now gonna see a continuation to downside. check the blue trendline to see
Valid fib retracement level to pay attention is 50%,61.8%,78.8% with confirmation of reversal or break of structure in lower timeframe like in M30 or M15
so after we got stopped out we had a beautiful touch of 78.8% and structure was broken and price started showing lower highs. which show that we can now gonna see a continuation to downside. check the blue trendline to see
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