PA has taken out the large cluster at 1.09 as well as hit hard resistance from the 61.8 fib level. VP is also at a low. Looking for a big reversal back up from here. Two potential targets up top, will update as trade progresses.
Trade active
Comment:
PA has broken and closed below the 61.8 fib level, this could show potential for further down movement to the 1.618 before a true up reversal. SL has not yet been triggered, but it is very close. If SL is triggered, I will wait until PA drops further to test the 1.618 before entering another long position.
Trade closed: stop reached
