FDRY - Long

I found a few good opportunities today that had nice intraday setups which was supported by the daily timeframe as well. I traded FDRY today after noticing it had gapped up and pushed through a fairly recent daily high at $16.63. Here's the intraday chart:

• Placed fib. levels from first bar low to high (very strong bar)
  
• Price retraced down and below 61.8% level, but used the recent daily high as support ($16.63)
  
• I was looking for it to convincingly rise up and through the 38% level - which it did along with increasing volume
  
• Entered on a break of the 10:55 candle
• Exited my position at the fib. extention

While this was only a .27 move, my risk at the entry candle was just .07.