I see a great chance to short the market as a flag pattern has occurred;
with retracement to the 0.5 - 0.618 zone
not only created a double top with the zone yesterday is has reacted from this zone yet again!
I am currently short on this market
stop loss at 81.842
take profit 80.743
if you join me in this idea and feeling lucky then take profits could be set at 80.159 to hit the 618 extension and an equal measured move!:)
Did someone say money!? ;)
with retracement to the 0.5 - 0.618 zone
not only created a double top with the zone yesterday is has reacted from this zone yet again!
I am currently short on this market
stop loss at 81.842
take profit 80.743
if you join me in this idea and feeling lucky then take profits could be set at 80.159 to hit the 618 extension and an equal measured move!:)
Did someone say money!? ;)
Comment:
currently retesting the structure, don't want to jinx it ;) but it seems to be creating a 3 bar reversal candle stick pattern on the one hour chart!