Those of you who have been following my Fib Inversion Set up on this trade, well we are now have a more conservative approach presenting itself as we have broken and closed below the DT retracement and market is now pushing up for a 2618 set up.
Now we always explain to our clients that if the Risk Reward doesn't meet a minimum 1:1 then you can wait for price action to come to you so that you are involved when it does!
Well if you drop to the 60 min chart, you will see there is a cypher pattern at the 786 retracement at 0.7102
We also have an even handle number 7100 so would be worth making sure you front run your orders to get just below that even handle.
Lots to look at in the room this morning.
www.tradeempowered.co.uk
Twitter J_Graystone
Facebook J_Graystone
You Tube Jason Graystone
Now we always explain to our clients that if the Risk Reward doesn't meet a minimum 1:1 then you can wait for price action to come to you so that you are involved when it does!
Well if you drop to the 60 min chart, you will see there is a cypher pattern at the 786 retracement at 0.7102
We also have an even handle number 7100 so would be worth making sure you front run your orders to get just below that even handle.
Lots to look at in the room this morning.
www.tradeempowered.co.uk
Twitter J_Graystone
Facebook J_Graystone
You Tube Jason Graystone
