UPDATE: Well in the money, with this great trade. Looks good and expecting some good continuation.
A great opportunity to short a great scenario. We have a nice compelling bearish engulfing signal after a weak bull pull back, and we also have hit the nice Fibonacci retracement level, where the bears acknowledged, and have clearly stepped in. Great trading opportunity.
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Regards Tom
Comments
TimBrent
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great one tom!
TomProTrader
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Thanks Tijmen!
moorekapital
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Steady move so far. 1.080793 has now become the critical price to watch. A break below would see price targetting the Measured Move Target @1.062502
TomProTrader
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I don't anticipate levels, I just take profits when it goes against me. Anticipation corrupts my judgement of trades.