Price is at the resistance level (previously support)
Downward trend (Price is on trend line)
Increasing downward momentum (Length of candlestick is growing)
Short = 200 pips to near support level
*The author is not liable for losses incurred.*
Downward trend (Price is on trend line)
Increasing downward momentum (Length of candlestick is growing)
Short = 200 pips to near support level
*The author is not liable for losses incurred.*
Comment:
Fib retracement 61.8...Using LH of 1.89586 and LL of 1.84059
Trade active:
100+ pips
Trade active:
200+ pips
Comment:
Set trail stop to 1.8530
Trade closed: target reached:
Great profit.