Support/Resistance Broken 50% Pull Back/ ATR First position closed at 1:1. Trail position 2
Under 200 EMA Broke support became resistance 50% fib Over bought condition
Old support becoming resistance 2 position 1% each
Broken Support became resistance Engulfing pattern on 12 hour chart at resistance Possible 4:1 RR Two position open 1% each position Plan Close first position at .7326 Move Second position Stop. Trail Stop on Daily Candle Move Second position take profit to .7258
Broken Support became resistance Engulfing pattern on 12 hour chart at resistance Possible 4:1 RR Two position open 1% each position Plan Close first position at .7326 Move Second position to break even Move Second position take profit to .7258 Will close second position if price action starts to reverse
Pin Bar forming were all support has become resistance.
Price has retraced back into the 50% fib along with a decent resistance area. I am looking sell