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Sell posted to TAP at 9:20am ET sell EURUSD at 1.2757. This trade is short term intraday. Sell based on fibs and the Tunnel. In the posted chart image the pink lines are fibs from the day chart and the orange line is a fib from the 1hour chart. The Tunnel and 1hr fib intersect at the 1.2757 area indicating a price “barrier”. Looking for a bounce back under 1.2740. I will use tight trade management and lock in at 20 pips and try to follow it back to the lows at 1.2675 area. Any open AND close on the 1hr above 1.2760 will terminate this trade.
EURUSD Chart Picture
