Hey Traders,
Simple analysis, after a third wave higher price became overextended and now needs some pause before deciding whether to head higher or head lower and break support at 0.8600
Clearly bears are in control at the moment. The trade I'll be looking to play is a retracement to the broken support on the hourly / 4hr chart before entering short with a 2R target.
Cheers,
Happy Trading.
Simple analysis, after a third wave higher price became overextended and now needs some pause before deciding whether to head higher or head lower and break support at 0.8600
Clearly bears are in control at the moment. The trade I'll be looking to play is a retracement to the broken support on the hourly / 4hr chart before entering short with a 2R target.
Cheers,
Happy Trading.
Trade closed: target reached:
Entire position closed. Cheers to whoever else was in this trade also.
