Did a 50% retrace $6,823.6 and good time to short Y/N?
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If it touches $6,927 I'm out.
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This trade is a really tight squeeze. I'm looking on the 2 hour chart for price to make a William Fractal arrow down followed by one up so that I can make up one of my coloured boxes and justify Fib extensions. Chart patterns on the minute charts look like I could be closed out easy, but hey it's the weekend always tricky.
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By minute chart I mean smaller timeframes.
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Been taken out by weekend nonsense. Interestingly 2 hour bar hasn't yet closed above $6,917. The basis of this strategy idea can be seen on the chart as green vertical lines. I placed my stop based on the bar performance prior to the green vertical line on previous occasions.