I am looking for downside here. Price will be required to break through several areas of support, we will see how far things go.
1. Double top
2. MACD confirming weakness.
3. At the 50% Fib of the major move down.
4. Convincing bearish engulfing candle on the daily.
I will find an entry on another pair..potentially USDCHF?
1% Risk, 2:1RR
-Happy Trading!
1. Double top
2. MACD confirming weakness.
3. At the 50% Fib of the major move down.
4. Convincing bearish engulfing candle on the daily.
I will find an entry on another pair..potentially USDCHF?
1% Risk, 2:1RR
-Happy Trading!
Comment:
That happened swiftly.
Trade closed: target reached
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.