Primary trade setup: We see a place where we can expect the price to make its first correction before it possibly reaches 61% of the 1-day retracement. We hope as profit areas what the fibonacci gives us, but maybe we can close a position in 60.
Secondary trade Setup:
If the price decides to continue rising then we will have to continue waiting for the first retest that confirms the change of structure.
Secondary trade Setup:
If the price decides to continue rising then we will have to continue waiting for the first retest that confirms the change of structure.