Good morning ladies and gents
Having been stopped out of my long trade yesterday for a small profit I am looking for my next trade.
Price retraced to just below 1.47 and is curently hovering around a minor S/R level at 1.4760 ish
My thoughts are that if it breaks above this level I will re-enter long ( an AH trade since this is where I was stopped out yesterday).
If price continues to go south I will probably be looking for an entry at the 50% fib at around 1.45
Having been stopped out of my long trade yesterday for a small profit I am looking for my next trade.
Price retraced to just below 1.47 and is curently hovering around a minor S/R level at 1.4760 ish
My thoughts are that if it breaks above this level I will re-enter long ( an AH trade since this is where I was stopped out yesterday).
If price continues to go south I will probably be looking for an entry at the 50% fib at around 1.45