We have had a clean break of market structure. I will look for a breakdown to the 1.08381 support area before a retrace to the golden zone. I will be looking to take a short position around the .618 / .5
Risk 1.5% S/L at Break even when TP1 hit TP 1 / 0 / 30% TP 2 / -.25 / 40% TP 3 / -.618 / 30%
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Idea still in play, due to market environment being exhausted. (sellers have put pressure on bulls.) I now will be waiting for a clean beak the market structure, as it seems to be faking out right now.
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we now have the clean break of market structure as well as the breakdown to the 1.08381 level. I'm waiting on a retracement to the golden zone before an entry. If there's signs of rejection at the level.
Trade closed manually
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I Fibbed the clean break of the market structure to the lows. Waited for a rejection of the golden zone. When at the the golden zone I saw doji candle stick formation at this key level which was another confluence to take a short at this level.