After the Daily trend line break I was looking for a retest of the trendline with fib confluence. All of this was achieved earlier today which is why I entered a short term long trade. First targets are @ 107.48 and S/L is right below the 61.8 fib and TL @ 105.95. Trade at your own risk.
Comment:
Currently halfway to target, next price barrier is @ 107. When price closes above 107 I will move my stops a little past break even.
Trade active:
Price did barely break previous highs but then quickly rejected higher prices. A break and close below 106.25 will validate a false breakout and I will take my loses.