CFX again broke out from previous resistance and now came back for a retest of resistance turned support zone at around 0.3900-0.3800. I have set fib levels using fib tools and have placed my Limit orders between 0.3950-0.3900. If tested successfully we might again see a rally up to 0.4850 where there's another resistance.
Trade active
Guys CPI data is coming out today, I would advice you not to take trade because market will be heavily volatile, so staying out is better.
Trade closed: stop reached
Guys my SL is hit, CPI volatility took me out, that's why I advised you also to stay out of trade. I'll re-enter into trade if it turns into our direction.
Note
Guys I am entering again in this trade @0.3800 with a SL @0.3700. If you wish you can do the same.
Note
Guys I took an entry @0.386, price didn't come back to 0.38. So far good, let's see how it finishes up.
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