In a clear downtrend we
- retraced 38 %,
- reached the falling trendline from below
- are toughing a former resistance fefore the rate made its rise in January.
- retraced 38 %,
- reached the falling trendline from below
- are toughing a former resistance fefore the rate made its rise in January.
Trade closed: stop reached:
I took the opportunity of the recent correction of the upmove to reduce the loss from this position.
Comment:
If there will be a clearer signal, even if the price would be lower, I may re-open the position.