Price crossed below the 8hour Trend line. On the close of the bar at 8am CST or 2pm GMT Enter Short to 0.7030 for first target. Can also wait for Daily bar close below Trendline.
Awaiting price to enter the Fibo 61.8-78.6 PRZ. Then to the 4-hour chart to await a Heiken Ashi Bearish Reversal bar and break and close below the Trendline. Exiting at 1.6350
Price to 1.7214 in Fibonacci PRZ then to 4 hour Chart for Heiken-Ashi reversal Candle and 4 hour
TL break/close to agree with Daily/Weekly Bearish Trend.
Take Profit @ Fib 127% = 1.6476 to 1.6429 and/or at 1.6200 Support
Awaiting Heiken-Ashi Reversal Bearish bar on the 4 hour at the 50-61.8 Fib in line with the Daily/Weekly Trend.
Then on a break and close below the short term trendline support enter Short to 1.0990.
Waing for price to enter the PRZ (Fib 50-61.8) then go to 4 hour to look for
Heikin-Ashi Reversal bar or Reversal Candlestick pattern in the PRZ on Resistance.
Heikin-Ashi Spinning top indicating consolidation or Reversal to Support or 50-61.8 PRZ. Profit Target is the 127 Fib Ext, which corresponds to the Montly 38.2 Fib. Also, some divergence with T3-CCI
Strong Downtrend in place since 5-24-2016 and price appears to be retracing. Looking for a retrace to the daily 61.8, then Sell a Reversal candlestick formation to the 127 Extension.
Brand new here at tradingview and just posting this to get my feet wet and looking for any commentsabout my setup - good or bad.