Strong Sell-off on ABCD Completion, Fibonacci confluence Short

British Pound/Australian DollarFXCM

Description

⋅ Nov 12, 2013 9:42 AM

Update: Failure
Profit/loss(pips)= -90

A potential move lower as price respects the confluence of Fibonacci levels, and on the completion of an ABCD wave at the top of the channel.

Comments

vaicru

⋅ Nov 13, 2013 8:10 PM

have you seen ?

Technician

⋅ Nov 14, 2013 6:47 AM

Yes :)

Technician

⋅ Nov 12, 2013 6:29 PM

Pattern Still Valid

Technician

⋅ Nov 12, 2013 5:19 PM

Rushed Entry following the sharp sell off, honestly managed trade poorly

Technician

⋅ Nov 12, 2013 5:17 PM

One big loser

vaicru

⋅ Nov 12, 2013 3:40 PM

long

Technician

⋅ Nov 12, 2013 3:06 PM

Lets see what happens on a retest of 1.7100-1.7120

ganghun22

⋅ Nov 12, 2013 1:53 PM

I'm still hesitating to enter. Long legged Doji maybe its continuation?
STochastic in 1D not overbought yet.

dojitrader

⋅ Nov 12, 2013 1:51 PM

What do you think ? Enter about 1.7085 ? Or right now ? Or wait for a candlestick signal ?

Technician

⋅ Nov 12, 2013 2:59 PM

Would be better to wait for a candle confirmation now