This is a close up of the previous trade currently in progress. Just want to a 4hr record to go with the wkly.
Comment
⋅
working so far. stops currently set above the hi at 1.3468. Will move those down to the next hi after today's close.
Comment
⋅
The 50% retracement level comes up at 1.3298. If there is any action there I will close one for profit and wait for things to play out for a re–entry.
Comment
⋅
progressing nicely. need 1.3298 break to keep moving down.
Comment
⋅
made it down past the 1.3298 hurdle fairly smoothly. Now we have the 50% retracement of the whole wave coming up at 1.3269. The immediate issue is getting a lower low as the current leg comes down. This is a reversal pattern and we are on the final leg. This is easily seen on the daily chart. So this next low will be huge for the remaining 1000 pips of the trip.