We've seen a recovery to the 'new' trend line at the top of the new lower low?
Also note the possible reversal at the head and shoulders. We pushed back up the the neck line and now on a second up before the short.
grabbed my entry at
110.280 short.
I set stop to 110.490
I think it will descend to 109.67 as the next lower low so we'll pull our profit there.
Let me know what you think?
Relatively new trader so please don't take my word as gospel :)
Also note the possible reversal at the head and shoulders. We pushed back up the the neck line and now on a second up before the short.
grabbed my entry at
110.280 short.
I set stop to 110.490
I think it will descend to 109.67 as the next lower low so we'll pull our profit there.
Let me know what you think?
Relatively new trader so please don't take my word as gospel :)