Hey guys, so i called a long a few weeks back on this pair. Obviously price moved where we wanted it to go, and then some. I'm liking this short position here because, overall the market is still bearish on a higher timeframe in my eyes. Price has been moving in consolidation for the last 2 or so months. I see this pair ultimately continuing it's bearish direction and breaking consolidation to go lower. I'm waiting for market open to see where price is, then i'll enter roughly around the 61.8% fib line based on what i see, Monday night, Tuesday morning. My downside targets would look to be the .88500, and then looking past that to about the .87700.
Thanks guys, happy trading!
Thanks guys, happy trading!
Trade closed manually:
Hey guys, I closed my positions on this trade at the .87850. Price was close to the TP but didn't quite hit. Still caught 150+ pips here!