Price broke previous HL that led to the last HH and formed a new LH and broke slightly below to form a new LL and using fib tool i estimate a .618 fib retracement for entry and a stoploss (approx. 55pips) above previous LH and a 38.2 fib extension as a take profit (approx. 120pips) ....RRR is 2.28
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*TRADE AT YOUR OWN DISCRETION*
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Comment to add your analysis.
*TRADE AT YOUR OWN DISCRETION*
*Author not responsible for any losses incurred*
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Retracement reached 03.382 and not .618 so trade did not open