We're coming back down. The highlighted zones (in pink) border a period of consolidation. Currency strenth currently (05/05/20 at 9:15pm AST) shows JPY as the stronger currency, but CHF is catching up. I'm thinking one of two things would happen - either the Downtrend will continue, or the trend will end soon, and we'll head nito a new period of consolidation. I'm not discounting the chances of the trend reversing and turning bullish, but of the three, I feel that's least likely. We'll see at the top of the hour
Comment:
We got the break to the downside. Personally im not 100% convinced with it so ill check back at the top of the hour and see what the market says
Trade closed: target reached:
Entered into trade after the break to the downside, when the market was reversing to retest resistance. Bit early, and I should have waited. Still TP was hit, no problem.