...price was rising up to 7am (GMT), so waited for a short 123 setup to emerge. Using Paulus' def the first 123 formed for a short entry @3286/7...this has yet to reach a 1:1 target, but has already reached the 161.8 fib extension....my concern with this setup was that price had already printed a 123 (standard definition), therefore this was a continuation entry, which Paulus doesn't trade.
edit:...ah, Paulus is using Fib Expansions rather than extensions.
edit:...ah, Paulus is using Fib Expansions rather than extensions.
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