Best to look for entries at 61.8% retracement.
Trade closed: stop reached:
Closed in loss @ 109.94.
Comment:
I entered two position, one at 38.2%, another at 61.8% levels.
The 61.8% position generated a small profit.
But the 38.2% levels is a loss.
Decided to close position.
The 61.8% position generated a small profit.
But the 38.2% levels is a loss.
Decided to close position.
Comment:
Damn... had i waited just one more hour, this trade would be highly profitable.
If price breached those levels, it's time to look for longs.