This is 5-min chart of YM. YM started the day with a gap up and pulled back to 5-EMA. A nice dummy spot.
- Uptrend.
- Long above high of 4th narrow range candle, which was also supported by 5-EMA.
- Target at Fib extension 100%. (It hit 168.1% at close)
[photopress:YM_LBR_got_away.jpg,full,pp_image]
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