Reason for placing the trade: price was reacting against a diagonal support, we had a small pull back to the 0.5 fib zone so i was looking for a entry. I set a sell stop what would be triggered with some momentum to the upside. the trade targeted the previous highs and hit TP quite nicely
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Disclaimer
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.