Weekly and daily charts are showing downtrend.
Rectangle in red is at 50% Fib retracement of the long impulse move on a daily chart.
Double top on the 4 hours chart.
Looking for first targets @.23962 and second targets potentially down to .22000.
Rectangle in red is at 50% Fib retracement of the long impulse move on a daily chart.
Double top on the 4 hours chart.
Looking for first targets @.23962 and second targets potentially down to .22000.
Trade closed: stop reached:
Stop reached after first target.
Looking now at further move down towards .22000 for second target.