61.8 Golden Bounce

Broke through the 61.8% fib on the retracement - Potential for a bounce off this 61.8% and long trade to the upside.
Expect some resistance at the 1.2727 level (known Supply/resistance zone). Take first profit here. But a low volume resistance and break through can bring us further up

Trade stängt: målet nått:

We initially blew through the 1.2727 level hitting our initial take profit and then eventually stopped out at even on our second stop loss.