Entry order placed for the SHORT @ the 61.8% FIB.
Risk Reward ratio of 1:4
Risk Reward ratio of 1:4
Trade active:
Entry order reached and trade active.
Comment:
Moving Stop to 1.2485
Comment:
Because high impact news is coming out in about an hours time, I will move my stop to 1 pip below my entry level. 1.2469 just as a precaution if price gets spiked upwards, I don't think this is the case, as I still believe price should go down and break the low of the Y-wave, but rather no profit, than a loss.
Trade closed manually:
Trade closed with 40 pips profit.
