It may be to early to call a trend reversal but there is enough reasons to short this pair here:
REASONS TO SHORT:
1) Rejection off 61.8 fib retracement
2) Price is forming consecutive LH and LL
3) Nice price action off the fib level (morning star)
4) Break and retest of 50/200 EMA
5) Rejection off CTL
REASONS TO SHORT:
1) Rejection off 61.8 fib retracement
2) Price is forming consecutive LH and LL
3) Nice price action off the fib level (morning star)
4) Break and retest of 50/200 EMA
5) Rejection off CTL
Trade active
Comment:
30 pips in profit...please move stop losses to break even or close out and take your profits!
Comment:
now 70 pips in profit
Comment:
now 150 pips in profit
Comment:
Price is melting...200 pips profited so I am closing out one of my two positions
Comment:
Always nice reviewing your trades and seeing that TP levels were eventually hit...280 pips on this one