Price is in an descending triangle on the daily. We've broken the counter trend line and are now back below the clouds. 50 EMA recently crossed below the 200 and we have rejected the 38.2 level and are headed down. Waiting for a break of the 0% level and a previous low wick for confirmation to take it down the he daily level.
Trade closed: stop reached:
Very annoying! Bad SL placement on my part, we were piped out on the stop before we carried on lower. Unlucky this time. On to the next.