Re-entry between 0.5 and 0.618 Fib:
0.5 Fib =110.15
0.618 Fib = 110.10
Targets:
TP1: 110.56 - 110.64
R:R = 1.7
Above 1:1 & extension below major resistance
TP2: 110.77 - 110.86
R:R = 2.41
Below Swing high Resistance and 1.618 Fib
Stop Loss
SL: 109.86
Below swing low, signalling wave failure
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Also, possible formation of Head & Shoulders
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Thanks for reading, any feedback is appreciated.
0.5 Fib =110.15
0.618 Fib = 110.10
Targets:
TP1: 110.56 - 110.64
R:R = 1.7
Above 1:1 & extension below major resistance
TP2: 110.77 - 110.86
R:R = 2.41
Below Swing high Resistance and 1.618 Fib
Stop Loss
SL: 109.86
Below swing low, signalling wave failure
---
Also, possible formation of Head & Shoulders
---
Thanks for reading, any feedback is appreciated.