Comment: adjusted view...still waiting...
Comment: ok, now it`s rocking :-) The 38,2 retracement stopped the uptrend
Comment: Watch the RSI
Comment: that would be ideal :-)
Comment: Breaking through the illustrated blue "2" initiates a bigger shortterm/midterm short Signal. Trading above 0.7588 will brighten the Chart. The RSI is strong oversold in this tf.
Comment: traders -don`t forget to trail your sl :-9
Comment: also nice.. today is breakout day :-)
Comment: thats pretty nice
Comment: it is time to adjust the sl traders.. here an example -where u install it depends on the timeframe u are trading
Comment: smells like a shortterm upmove - the pair is fighting against the downtrend
Comment: reached next action point
i am very riskadvers , so i only enter a trade if i see a cyclical breakout-situation. Such situation is given with trading below the last low @ 0.7524. The shortterm-uptrende is still intact - i would not fight against it. For me the "real" short Trigger is not the trendbreak but the last low.