Update: Decided to add 1/3 of the original position short. With the other 2/3 of the position waiting to short at the .382 Fib level. Stops are at 1200.00 / Short trade targets remain the same. Good luck people! =)
Well, as you have probably noticed I'm posting more than usual. There are some many stellar trades setting themselves up its impossible to not post them for the world to see! =)
This one is a very cut and dry structure trade setup. The area I'm watching for any bearish signals to enter short are between the 382 / 50 Fibonacci Retracements.
Trade targets are as follows:
1 = The low around 1090.00
2= -27 Extension
3 = -618 Extension
Stops will be placed above the 50 Fib Level around 1220.00
Once the first trade target has been successfully executed then I will proceed to move stops down to break even, and manage them accordingly as price makes lower highs / lows.
Happy trading traders =)
Well, as you have probably noticed I'm posting more than usual. There are some many stellar trades setting themselves up its impossible to not post them for the world to see! =)
This one is a very cut and dry structure trade setup. The area I'm watching for any bearish signals to enter short are between the 382 / 50 Fibonacci Retracements.
Trade targets are as follows:
1 = The low around 1090.00
2= -27 Extension
3 = -618 Extension
Stops will be placed above the 50 Fib Level around 1220.00
Once the first trade target has been successfully executed then I will proceed to move stops down to break even, and manage them accordingly as price makes lower highs / lows.
Happy trading traders =)