D: Downtrend, hit -61.8 @ a new low near previous support (5 yrs ago)
4H: Uptrend, Price retraced to 23.6 so far
1H: Downtrend, Price retraced to 61.8 and hit -27 so far on the RSI.
CURRENTLY: I'm looking for price to go long once more to retest the 1H trendline, then continue short to -61.8 on 1H FIB, near previous resistance
~60 pips
4H: Uptrend, Price retraced to 23.6 so far
1H: Downtrend, Price retraced to 61.8 and hit -27 so far on the RSI.
CURRENTLY: I'm looking for price to go long once more to retest the 1H trendline, then continue short to -61.8 on 1H FIB, near previous resistance
~60 pips
Trade closed: target reached:
I picked up a much bigger profit on this trade. I waited for it to retest the four hour resistance zone and sold it down to that previous 1H support area. I was able to take this trade TWICE