Looking for confirmation at one of the fib zones, first one up is the blue circle.
If confirmed targets are S/R (red line), 50% of CD and/or the 'up' trendline...
If confirmed targets are S/R (red line), 50% of CD and/or the 'up' trendline...
Trade active:
Interesting PA on this TF..., 1st short here..., small position, really bullish on higher TF's so be careful...
Comment:
If it goes up again I might add one at 21.50 with SL at 22.50 for all... (combined entry 21.00), first target 18.50, possible 2nd target to be defined depending on PA, SL to BE asap...
Counter-trend so not risking more than 0.5%...
Counter-trend so not risking more than 0.5%...
Comment:
Current situation:
So far so good, close to the lower BB now on the 1H, I'm trailing SL above the high and cancelling the extra sell order for now, will decide if I will add later.
So far so good, close to the lower BB now on the 1H, I'm trailing SL above the high and cancelling the extra sell order for now, will decide if I will add later.
Comment:
We did get candle and BB support on the 1H..., but will it continue further up or will it fail again...
Next 4H candle will be an important one for me...:
Next 4H candle will be an important one for me...:
Comment:
SL to BE, still llooking OK, let's see if it fails again and goes on down...
By starting small it is possible to build up a short position from here, short the next level and possibly even the 2.0 ext. at the next possible larger resistance level.