I like how price is respecting the fib levels after a break below a rising trend line. The 50% fib was touched this morning which happens to be where the 200 SMA (pink line) on 4H chart converges.
Trade closed: stop reached
Got stopped out a little better than break even this morning after being up close to 100 pips yesterday....blahhhh
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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.