As you can see price has surpassed the D leg of the , so now I feel it is necessary for price to hit 1.550 psychological number before looking short on this pair.
The price reversal zone is between 1.545 & 1.550 which is large, this is due to price narrowly touching 0.382 B leg, giving a much shorter D leg completion.
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed above X leg .
Learn To Trade The .
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