Update: Failure, stop loss hit, Profit/loss= -30pips
A major shooting star daily candle at 50 percent Fibonacci level, indicating a downside reversal ?
Comments
dojitrader
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I'll beg to differ in that this is more qualified as a spinning top which would be neutral towards a possible trend change --- perhaps if there was rsi divergence ? I'm looking for an ab = cd sell just under .8600 might be a better level to look for a trend change.