Retracement Trade
Updated
-Price is in an uptrend, however we are making a quick retracement trade towards .382 Fib AND Liq grab (identified in yellow circle)
-Price still seems bullish so expecting price to drive into the sell zone first and make its peak before retracing (hence sell limits)
-Said zone is previous demand zone
-Price still seems bullish so expecting price to drive into the sell zone first and make its peak before retracing (hence sell limits)
-Said zone is previous demand zone
Trade closed: stop reached
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