QuoteDisliked4hr chart attached. DBLHC retrace to the 61.8 fib. Caught it on the retrace once it cleared the 50 and now up 50 pips. SL of only ~25 pips so currently at 2:1 RR. Half position taken and stop at BE. Very very very strong support at 1.08315 but if it gets taken out then we will shoot straight up about 50 or so pips..........
Tipers,
just to clarify things...
i think u got support & resistance all mixed up in the above post.
the "resistance" mentioned in the chart should've been "support" & the 1.0830 "support" u mentioned should've been called "resistance" (or minor PPZ)
u could've elected to exit partially/remaining position in the 1.0830 area if u indeed expected it to be a strong resistance.
Nice trade before hitting the sack...