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Video Notes:
Context of the spike is by far the most relevant – every spike is unique and understanding the market's common reaction to like-events is most crucial
Fibonacci Retracements used as a guide only – theory versus mechanics – both are described
1st shot is usually these best – if you miss it, let it go unless something unquestionably strong is telling you otherwise
Don't be afraid to go for more – its the only way to really get ahead
Look for renewed buying or selling pressure to gauge retests
Comments
Where would your stoploss be on this trade?