We should see price pull back to the 61.8 fib level of the previous move down where there is minor resistance as well before it heads further down (trend continuation).
Comment:
Daily timeframe view:
Trade active
Trade closed: target reached:
Buy target achieved, +150 pips profit.
Trade active:
Sell limit order triggered with targets as shown in chart above.
Trade closed: stop reached:
SL hit with 5 pips profit. This pair only dropped around 40 pips and I did not close it, only shifted SL to profit.
