We are at the 61.8 retracement up of the downmove that followed the recent double top. you could enter a sell trade with 2618 trade rules or wait for further condirmation (recommended).
If this sell trade playes out as planed the bigegr correction may be over and price my break down out of the correction. Observe when price should hit the trendline because another 5th "wave" up (up to the 61.8 retracement of the big downward impuls) is possible, too.
Dont risk too much.
Learn to calculate your risk / lot size correctly!
Have fun!
If this sell trade playes out as planed the bigegr correction may be over and price my break down out of the correction. Observe when price should hit the trendline because another 5th "wave" up (up to the 61.8 retracement of the big downward impuls) is possible, too.
Dont risk too much.
Learn to calculate your risk / lot size correctly!
Have fun!
Comment:
on 4h chart no entry as yet.
Comment:
tja, did not get to my entry area. taff luck.