#4: i had my 5min 50sma around 22, price spiked up and i entered on took a fast couple...we then started pushing back up so i am thinking higher for a bounce down..it's important to not take every level but only the key areas for bounce trades...although i had a fibo level at 26, i did not look for a bounce at this level bcoz at no time previously in the session had price reversed or bounced here, meaning this fibo was not as significant..the hp trade for a bounce is higher, around the 47 level which is also a previous reversal area from earlier in the session
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