Based on the confluence of 61.8 retracement on higher TF, 1.618 extension of current impulse, confirmation of retracement levels, and timing of news events.
Entry: Fib retracement on impulse following trend. Enter direction of trend at 50% and 61.8%. Stops @ 90% retracement.
Exit: Fib extension on ABC A = beginning of impulse B= end of impulse C = most extreme point of retracement. TP at 100% and 161.8%. Move stops to BE after it hits 61.8
