A possible Bear Bat is forming on the daily timeframe. Will wait for 4hr bearish signal before going short on this one.
Strategy: Short at 88.6% fib if there is bearish pattern. Stop Loss few pips above X. Target Take Profit 38.2% - 50% fib retracement of AD move.
Strategy: Short at 88.6% fib if there is bearish pattern. Stop Loss few pips above X. Target Take Profit 38.2% - 50% fib retracement of AD move.