I am looking for a short term down move before a reversal
With curve and a top in play, i have opened up a long term short position
Possible corrective structure down to approx 0.7400, before an up move to complete up move and test long term trend line
Gold could be making a final leg down before a major up move.
NFP out later so trade with care
This pair has reached a 0.618 PB on the 240 TF, It is also at the 1.618 on the 30 min.
I will be placing a short position with a stop above the 240 HL
SL - 2.16075
T1 - 2.134
T2 - 2.112