Setup
During the last range price made we saw an area form and act as resistance. We can now see price testing this area again and it looks to be coming support.
Price has wicked into the zone and bounced off the 38.20 fib level exactly.
Take Profit
My TP will be around 0.63368, just below the final base on what we can view as the Daily swing high. This is not a trade I would leave a runner on as overall we are in a range.
Stop Loss
The best place for an SL market structure wise would be around 0.62473, just above the base we saw before the break of resistance.
During the last range price made we saw an area form and act as resistance. We can now see price testing this area again and it looks to be coming support.
Price has wicked into the zone and bounced off the 38.20 fib level exactly.
Take Profit
My TP will be around 0.63368, just below the final base on what we can view as the Daily swing high. This is not a trade I would leave a runner on as overall we are in a range.
Stop Loss
The best place for an SL market structure wise would be around 0.62473, just above the base we saw before the break of resistance.