-VERY BEARISH ON THIS PAIR. RED CANDLE CLOSE ON ALL TIMEFRAMES
-MA ARE DOWN
-BIG DAILY BEARISH ENGULFING
-WE BROKE THROUGH AND CLOSED UNDER THE TRENDLINE DRAWN ON.
-WHAT I WILL SAY IS THAT WE DIDNT ACTUALLY CLOSE AS A NEW LOWER LOWER.
-SO WE COULD SEE SOME SORT OF SLIGHT RETRACEMENT.
-WE ARE APPROACHING ANOTHER MAJOR MONTHLY KEY LEVEL OF RESISTANCE 1.500
-I THINK ITS GOING TO BREAK THIS AND CREATE A NEW LOWER LOW.
-TARGET LONG TERM 1.3500 AND EVEN LOWER
-I WAS ALREADY SHORT IN THIS PAIR BUT ITS HEADING SOUTH FOR SURE
-ON H4 TIMEFRAME YOU CAN SEE FOR CLEAR ENTRY WHERE A B C WAS FORMED AND HELD FIB
0.618 WHICH WAS FURTHER CONFIRMATION OF MAKING A NEW LOWER LOW
-MA ARE DOWN
-BIG DAILY BEARISH ENGULFING
-WE BROKE THROUGH AND CLOSED UNDER THE TRENDLINE DRAWN ON.
-WHAT I WILL SAY IS THAT WE DIDNT ACTUALLY CLOSE AS A NEW LOWER LOWER.
-SO WE COULD SEE SOME SORT OF SLIGHT RETRACEMENT.
-WE ARE APPROACHING ANOTHER MAJOR MONTHLY KEY LEVEL OF RESISTANCE 1.500
-I THINK ITS GOING TO BREAK THIS AND CREATE A NEW LOWER LOW.
-TARGET LONG TERM 1.3500 AND EVEN LOWER
-I WAS ALREADY SHORT IN THIS PAIR BUT ITS HEADING SOUTH FOR SURE
-ON H4 TIMEFRAME YOU CAN SEE FOR CLEAR ENTRY WHERE A B C WAS FORMED AND HELD FIB
0.618 WHICH WAS FURTHER CONFIRMATION OF MAKING A NEW LOWER LOW
Trade closed manually:
Closed the trade in profit before the major news.