MY LIKELY TRADE SETUP LOOKING FOR A PULLBACK TOP THE .36 ZONE ON THE FIB. SL WILL BE AT TOP OF THE WICK ABOVE THE FIB ENTER THE SELL FROM THERE (25 PIPS). TAKE PROFIT AS POSTED. POSSIBLE RE-ENTRIES 1.272 & 2.272. SELL STOP 5 - 10 PIPS ABOVE STOP LOSS IN CASE OF STOP HUNT MOVE.
QUICK IN AND OUT SHORT FOR BTC. WAIT FOR A PULL BACK TO THE .236 ON THE FIB. RECOMMEND A SELL STOP AFTER PRICE PASSES ABOVE IT FOR A SAFE ENTRY WITH NO CHASING OR MANUAL IF YOUR BROKER DOESNT ALLOW A SELL STOP. PRIME ENTRY WOULD BE 6508 IF PRICE WERE TO BREAK THE FIB.
CADJPY JUST OBSERVING THE MOVEMENT OF PRICE IN RELATION TO THE FIB.