After the break and back-test of 39.20, staying Short below this level into the 0.786 retracement of 6.96 -> 120.00 . Looking to close the short, and open into a Long if successful, also at the 0.786 retracement.
In the event of a Stop Loss Trigger, the 0.886 retracement will be looked at as an area of entry with good variables.
In the event of a Stop Loss Trigger, the 0.886 retracement will be looked at as an area of entry with good variables.