Market is overall in a bullish trend but at the moment we believe that it is going to go bearish. We saw an order block being created on our 15M and we saw price come up and take all the liquidity from this area. We also see an M and we think this is a justified M because it has both contraction and expansion. When we looked at the fib and price is currently retracing the 618 and this was our entry. We are looking to catch 52 pips but are going to take partials at 30 and move SL to BE. TV MODE CHART
Comment:
30 PIP TP hit. SL TO BE and let the trade run risk free.
Comment:
TRADE PENGUINED.