Here we have a simple swing trade:
In a down trend who is accelerating (observe the more acutte angle for the last trend line)
With a serie of fibo swings accelerating as well (observe the lesser retracement in the last fibo swings)
Found an end of retracement confirmed by a gartley ended (1 to 2 relation upside) in conjunction with 38.2% retracement
And a break of support zones (in this time frame @0.9332 as well 1h time frame)
The fibo swing proyection gives enough space to move to the down side and right now we have the chance to take a relation 1 to 1 risk reward to assure a free ticket to opportunity. so here is the strategy:
Sell at this level with SL at last high and take then take the half of the profit at 9227, if you feel confident that the down side will continue and want to avoid be stoped out before time, do not change your stop loss and take the rest of the profit at 9082 support zone. If you feel nervous that a bounce could cost you the earned as far as the 9227, change and replace your stop loss at break even, and wait for a 9082 to take the 2nd half of the profit.
If you have a very good recent ratio of winnings, do not take proft at 9227 and just place the stop loss at break even and take all the profit ath the 9082
In a down trend who is accelerating (observe the more acutte angle for the last trend line)
With a serie of fibo swings accelerating as well (observe the lesser retracement in the last fibo swings)
Found an end of retracement confirmed by a gartley ended (1 to 2 relation upside) in conjunction with 38.2% retracement
And a break of support zones (in this time frame @0.9332 as well 1h time frame)
The fibo swing proyection gives enough space to move to the down side and right now we have the chance to take a relation 1 to 1 risk reward to assure a free ticket to opportunity. so here is the strategy:
Sell at this level with SL at last high and take then take the half of the profit at 9227, if you feel confident that the down side will continue and want to avoid be stoped out before time, do not change your stop loss and take the rest of the profit at 9082 support zone. If you feel nervous that a bounce could cost you the earned as far as the 9227, change and replace your stop loss at break even, and wait for a 9082 to take the 2nd half of the profit.
If you have a very good recent ratio of winnings, do not take proft at 9227 and just place the stop loss at break even and take all the profit ath the 9082