Last week I missed the fed release as there were to many doubts. Instead I used it as trend indication. During the first cool down I took the next ride up during an ABCD completion and at a 50% fib rejection where I also counted 3 correctional waves that was just a winner. Later it formed also a double bottom. The second entry I must admit that was a flip a coin trade as I speculated a possible fakey with a next lower double bottom. I couldn't imagine a break of trend just yet.
The reason for my short entry is because market moved under 0.93602 creating an upper fakey formation. I'm looking for a retest of the second correctional waves and a possible break below. Keeping my eyes peeled at the marked areas.
The reason for my short entry is because market moved under 0.93602 creating an upper fakey formation. I'm looking for a retest of the second correctional waves and a possible break below. Keeping my eyes peeled at the marked areas.