Good short entry - likely to be retracement rather than reversal.
2 targets:
TP1: 0.699~ above recent structure support and EMA 200 on 1hr
TP2: Previous fib 618 and above recent low on 4hr
SL2: will be dynamic and adjusted to entry for no risk trade when PA reaches 0.7050~
2 targets:
TP1: 0.699~ above recent structure support and EMA 200 on 1hr
TP2: Previous fib 618 and above recent low on 4hr
SL2: will be dynamic and adjusted to entry for no risk trade when PA reaches 0.7050~
Trade active:
PA rebounded off 0.7057 area - may retest 0.7135. SL remain the same until 236 fib is broken
Comment:
Shifted SLs to .722~ for more breathing space - prepared to take the hit if does not go as planned.
Trade closed manually:
Look for reentry short if price breaks upwards for one final leg before shorting. Pips gained cancelled out swaps lol
