Continuing bearish outlook as a follow up on last weeks successful entry (uk.tradingview.com/c...-Bearish-suggestion/)
Basing this on price action struggling to close above 121.350 - 0.382 fib of X-A
IF we break out above, we will possibly find another opportunity to get short around 121.800 - 122.0 area.
Final target - 120.000
Basing this on price action struggling to close above 121.350 - 0.382 fib of X-A
IF we break out above, we will possibly find another opportunity to get short around 121.800 - 122.0 area.
Final target - 120.000
Trade closed: stop reached:
Second position stopped out at break even, leaving us with the previous 50 pips in profit.
Will look for another entry, possibly 121.600-700 area
Will look for another entry, possibly 121.600-700 area
Comment:
121.700 hit, new short opportunity -> See recently posted chart
Rolling stop loss to break even for the remaining position!