Price broke out of our intermediate high and shot straight to our previous swing high and collected orders.
The market has now retraced into our 61. Fib which also coincides with an ascending trendline giving us more confluence to take another long trade.
Stops below structure and we are targeting the next area of interest.
Please bear in mind we have US retail sales data out at 13:30 gmt but as we are following the institutions rather than retail traders, I feel confident that we've given the trade ample room to manoeuvre.
The market has now retraced into our 61. Fib which also coincides with an ascending trendline giving us more confluence to take another long trade.
Stops below structure and we are targeting the next area of interest.
Please bear in mind we have US retail sales data out at 13:30 gmt but as we are following the institutions rather than retail traders, I feel confident that we've given the trade ample room to manoeuvre.
Trade active