I took an aggressive short position on this ides. I was able to capture an entry at 120.518. I will update on the results. Question: If price moves back up towards the trend line, would it be considered that this trend would be over, and you would not want to take a reentry...perhaps I just answered my own question. Any criticisms are appreciated on my road...
Given the current trend, and pullback that has occured, I took a fib extension to the main low to get my desired take profit levels. Please comment with any critisisms to my analysis on my journey to always learn and better myself. TP1: 1.2810 Risk/Reward 4.5/1 TP2: 1.3000 Risk/Reward 8/1 SL: 1.2500 Please like and follow me message me if youre willing...