Pending order if price breaks back below the fib zone. Reasonable target. We'll see how it plays out.
Trade active:
Trade triggered.
Trade closed: stop reached:
set up looked solid, however we failed to break the key level highlighted by the red box. After the second test of the level and failing to break or create a lower low I should have manually exited and looked to re-enter on the break. I was confident we would come back to break the level on the 3rd test as we saw some bearish momentum on the daily. However, I was wrong and we were stopped out. Greedy target placement on my part, lesson learnt.. on to the next.