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Had a good well deserved spa this morning💕A lot of people think that being a trader,entrepreneur and speaker is really chill 😎
The times that you see me chill is the 1%. 🏖 99% of my time is just spent sacrificing outings, putting in the work and feeling discouraged once in a while😑
That's just part of the daily grind 🏋️♀️ If you want to relax in the weekends and Friday nights to go out for movie and shopping , you should keep your job. 👨💻👩💻 This life ain't for the faint hearted 💚💛🧡💜
50% retraces even on intraday charts.
Pull backs provide us entry opportunities on daily as well as intraday charts. One way to look for pull backs is to watch for 50% retracements of moves. These don’t always have to be major moves, as we can see in the chart below.
Sometimes, there won’t be an obvious key level to watch for pull backs to, or there won’t be a moving average, so you can also use the Fibonacci retracement tool to look for approximate 50% retracements of moves, look to get in near that 50% level. Ideally, the market will be trending and you can watch for these 50% retracements within the trending structure, and then re-join the overall trend direction from the 50% level.
We can see an example of this on the 4-hour chart .
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