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TRADE OF THE WEEK | Classic Fibonacci Short



Hey traders,


Here is a great short trade that I caught this week on Silver.


The market reached a key daily level and I was looking for a pullback from that.

The confirmation that I was looking for was a breakout of a rising trend line .



Then, once the price broke and closed below, I set my sell limit order on a retest of that matching with 618 retracement of the last bearish leg.


Very cute winner and a rule-based trade.

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