Counter trend move with squeeze entry Short

Euro Fx/Japanese YenFXCM

Description

⋅ Apr 30, 2020 3:27 PM

Same again, shorting to the 38.2 fib 2:1 R:R

⋅ May 1, 2020 8:17 AM

Stopped out on this trade, looks like it never had the legs to reach the target. I'll review this trade and move onto the next

Comments

realest03

⋅ Apr 30, 2020 4:26 PM

Then after it reaches the 38.2 whats the next move

Stuey1987

⋅ Apr 30, 2020 4:30 PM

@realest03, I personally think it will continue bullish towards 118.570 which is where the daily level of structure is. Time will tell