Stop below the highlighted area & the blue trend, target is the 1.272 fib extension. Buy limit entry or a lower timeframe bounce.
Note
*EDIT* with the 4hr candle closing shortly, if it does not close higher than the previous candle wick we could see a retracement down to the cyan line, adjust your stops accordingly.Note
I didn't get the opportunity to make the update on here to close out the trade early, but you can't be perfect all the time. Assessing the daily chart; i think we could see an even larger move to the upside. Find it interesting that yesterday's gigantic bearish candle couldn't touch the .786 fibonacci retracement as well as today's open price came in, once again, above the .786 fib. Long term the possibility to continue up to the region around 139.5 is out there. Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.