After failing to make new lows, we may see a corrective structure here at least. It is looking as if it is unfolding into an ABCD pattern and we should look to buy @61.8% fib retracement of leg A-B
Trade active:
Good luck to everyone following this chart...
Comment:
Trade update...The position taken earlier today is now in 20 pips profit. My trading plan is that my Stop Loss is now moved to break even.
Trade closed manually:
Lack of momentum has made me close this trade early for 30 pips profit..will keep monitoring this pair