If we see bullish price action near the 618 or 77 fib levels we can expect to see another bullish run.
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Trade is successful with entries generated on lower timeframe bullish price action. If trading on margin, it is always a good idea to take some profit. Move stops to break even and let the profit run. The market swings and it can easily come back to retest 61%
If investing it could be a reasonable price to build a position.
If investing it could be a reasonable price to build a position.