Chart describes it, use with stop loss at all times.
Expect retracements. Clean and simple.
Let me know your thoughts, follow my twitter for updates: @curransotomayor.
My chart pretty much describes it all, use proper risk management.
Just an idea... Let me know what you think!
Chart describes it all, I didn't put entry or stop loss. You can do that. Instead, you tell me what's going on
- Weekly Divergence - Bearish OB - Price is making higher highs, as RSI is making lower lows. - 50&100 MA Crossover (Weekly) @ $1.10 level. - Aiming for 1,000+ pips. - Proper Risk Management.
I believe price is making a double top between those two fibonacci levels, from there will see a nice drop. Use proper risk management.
Strong support at 50% retracement, price will continue to fall to around the 21&50 MA Crossover. The level below was also a 50% support, price seems to hold and respect that level. Notice also price is currently pushing outside of the band which indicates further continuation of the trend.
Chart explains it all, use proper risk management.