Once we get a break of the immediate high, we would be looking to buy the retracement into into the level as it should now act as support.
Trade active:
Strong Australian employment data caused the market to break to the upside picking up orders at the previous swing high. Using a Fib retracement on the 5 minuet timeframe we managed to get an entry when the market pulled back into the 50% level.
Trade closed: target reached