1.) What did I see? "Bread and butter" set-up (see GDT earlier this month). A gap down, pullback to the "retracement zone", and a bearish candle on the third bar. Price was also running into resistance from the 34MA. 2.) What is the entry? A break of the third bar low. 3.) What is the exit? The Fibonacci extension of the previous day's high to the opening range low. Hit shortly after lunch.
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