Posted by Tom C.
POT was a good setup - it gapped up and made a nice run. I plotted my Fibonacci lines in the classic X-style - the opening range (OR) high (the high of the first 30-minutes) to the previous day's low. The 9th bar closed above the OR high, and had solid support from the rising 8EMA.
I entered on a break of the 9th bar's high, and closed the position at the Fibonacci Extension (FE).
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