Price broke through 4H descending trendline
, came back to retest at the same point of bouncing from ascending daily trend line
and 61.8 78.6% Fib. Price is now breaking through orange resistance area
, therefore once 2H candle closes above I will be moving my SL to profit. Target 1: 1.3210 (0%) - Target 2: 1.3264 (-27%) to complete ABCD
My trade was placed on Friday 24th (late post). My entry was perfect, very happy with this analysis.