I am looking to short the EG next week to the confluence area of my .618 fib and the bottom trend line. This is due to my upward trend line being broken.
Trade active:
Up +60 pips currently. Moving stop to breakeven soon.
Trade closed: target reached:
Trade manually closed for a total profit of 127 Pips!
Looking to reenter if price breaks below the .382 fibo. Still looking for price to move down to the .618 fibo.
Looking to reenter if price breaks below the .382 fibo. Still looking for price to move down to the .618 fibo.
Comment:
Price has almost reached the overall target. 234 pips + previous 127 pips = 361 pips total for this smooth trade.