We can see the long pin that want to push
the price to 0.7700 but then failed to break
new high and then price falls and break the
bottom of the .
and now the price has is retesting the structure
and thus we can open a short trade
to trade the .
Please kindly ignore the above update. my copy paste is wrong.
Moderator, please help to delet the previous comment
Retest 618 , for thoese not in, u may consdier
now is making money
Still Holding, the 0.618 is still rejecting the price
AUSTRALIA INT RATE COMING SOON, Lets see how price break the channel.
Now in profit short from 0.7664
QQ Group: 609224828
1. We got a new high
2. body closed above ~0.7610, so basically we have a support now between 0.7590-0.7610
I expect it to be range bound between the current top and ~0.7610 zone, before it tries to climb again. Therefore I don't take position here.
I know that in the end we're just looking for good entry points (good r/r) and the rest is basically done by setting the correct SL/TP respectively money management. So either way, your trade is okay, even if it fails. But if you disagree with my scenario/analysis, I would like to know what I missed or why you still like your entry point after reading this.