Still waiting for price action, but looks promising, 61fib rejected beautifully and bounced right back inside the trendline with a nice engulfing candle. I hope for a third test on 1.2100
Order cancelled
⋅
Trade did not happen, as the confirmation I wanted from the price action showed the opposite
Great analysis, the price crossed the trendline. I think that it's necessary to correct the line, making it pass through the bottom of the last red candle. what do you think about it?
mrsaetervik
⋅
@Rhandrey, yeah that's one option, I didn't change it cause I thought the last red candle was a fakeout, and that's why it wouldn't have had any effect anyways, cause if there was a real breakout to come it would have broken the line no matter where you put it. But I still wasn't in the trade cause I was waiting for the confirmation, and it came and confirmed the opposite.