Took a short off 61.8 fib retracement yesterday and confirmation of outer trendline. Looks like it made a second attempt at resistance of 0.90724 (double top) for another great entry opportunity. Target profit is around 0.88986. Place stop loss behind price zone of 0.90799.
Comment:
Hope you all took this trade. 70 pips in profit. Our target profit is off the 61.8% retracement to -27% at around 0.88600 with a total of around 220 pips. Move stop loss behind resistance or psychological number of 0.90000.