so i believe we have had 3 levels of rise, a higher high causing divergence on the rsi. now a possible head and shoulders pattern? i sold into strength @8953 with TP @8880!!
I'm expecting a rebound to the neckline on the the H/S to further lows, so any moves towards the neckline i will be selling to the next fib level.
Trade closed: target reached
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TP 8880 hit.
Price made a short move upwards not quite getting to the neckline, i made a sell on the 2nd test of the 382 fib entry @8883, closed manually in 15 pips profit.