Entered short on the break and retest of 11600 @11604
Stops @ 11624
Targeting 11300 = Daily support
If you missed the initial wave, one possibility which may present itself price reaching 11457 which is hourly structure, at which point it will retrace to the 61.8 fib level also in confluence with previous hourly support turned resistance. If this plays out a short at the fib given the right Price Action is present, can provide a nice short set-up.
This is what I'm currently watching.
Happy trading.
Stops @ 11624
Targeting 11300 = Daily support
If you missed the initial wave, one possibility which may present itself price reaching 11457 which is hourly structure, at which point it will retrace to the 61.8 fib level also in confluence with previous hourly support turned resistance. If this plays out a short at the fib given the right Price Action is present, can provide a nice short set-up.
This is what I'm currently watching.
Happy trading.
adeyemisalau
Chartster seems its going to 11300 like you analysed. What do you think?
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Chartster
adeyemisalau
looks that way, fibs played out perfectly. expecting price to retrace to that hourly zone at 11457 before continuing down to my target.
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adeyemisalau
Chartster
Chartster, your target hit right? thumbs up man
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Chartster
adeyemisalau
Sure did, thanks bro.. look at DAX now
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adeyemisalau
Chartster
Looking at it, but don't know what else. What's your take? I see you've published a new idea
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Chartster
adeyemisalau
let's see how price reacts around the zone I highlighted, I will go from there
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adeyemisalau
Chartster
Ok then, thanks.
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adeyemisalau
Thanks Chartster, you're a great analyst.
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Chartster
adeyemisalau
Appreciated bro
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