Nice! I am short on this paring until my T/P hopefully hits at 73.65.. Should I lower my T/P, or keep it where it is? I'm not sure how confident I should be that price will fall all the way to the triangular support level..
im thinking that we can start sell now as it is already touch the line 20 EMA. Now the market at 74.560 but i am looking to sell after it reach 74.434 (my 161.8 fibo). Did u think it is a wise decision or not? Please advice :')
Thank you Anil. Saw your weekly video first time. Very good! Chose to short this at 75.0 ABCDE structure with short stop.
Now trade is below lower trend line of 10/16 10/21 and 10/24 which is now resistance. Appears to be headed lower.
Moved stop to 74.70. Nice analysis.