Fundamentals for today are in line with a short on this pair. The state of the market on the 1H is a range. The price broke the highest price of Asia session.
Waiting on the following before entering a short position on this pair:
- Fibonacci retracement around 61,8% or 78,6%
- V-Formation on the 3M Chart
- One or two tests after the V-formation that will not go higher than the V-formation
- During the test(s) the buyers must getting weaker.
- At 14:40 (GMT +1) there's USD news, could have impact. If USD Still weak than short still option, if not short not valid.
Waiting on the following before entering a short position on this pair:
- Fibonacci retracement around 61,8% or 78,6%
- V-Formation on the 3M Chart
- One or two tests after the V-formation that will not go higher than the V-formation
- During the test(s) the buyers must getting weaker.
- At 14:40 (GMT +1) there's USD news, could have impact. If USD Still weak than short still option, if not short not valid.
Comment:
Fibonacci retracement around 61,8% or 78,6% ✓
Comment:
✓ V-Formation on the 3M Chart
✓ One or two tests after the V-formation that will not go higher than the V-formation
✓ During the test(s) the buyers must getting weaker.
✓ One or two tests after the V-formation that will not go higher than the V-formation
✓ During the test(s) the buyers must getting weaker.
Trade active:
Entry: 0.88979
Stops: 0.89099
TP: 0.88799
Stops: 0.89099
TP: 0.88799
Comment:
USD news came out, USD still weak. Trade still valid.
Trade closed manually:
Closing price: 0.88887