fractalmarketsfx

fractalmarketsfx Updated 

Stalking GA this morning for a small push down. We've just met the grey resistance zone and I'm expecting a wick into the blue 78.6% retrace and possibly a wick into the green 48EMA. Once I see these happen i will look for a simple bearish engulfing to take this trade into my first Fib Ext (orange box). Simple, concise.

fractalmarketsfx

Caught this move on the anticipated relief into my 61.8% retrace zone. Shorts were executed on a 3Min candle (bearish engulfing) . Because the trend was so heavily bearish I knew to enter on the first touch of my zone, Took profits off at first extension of my FIB which aligned with the previous swing "wick" to the downside. I will be looking at how price...

fractalmarketsfx

Expecting a drive into 0.30 region and then a melt into 0.12-0.09 level. Once this happens we will see if support is made and re analyze from there.