Im late in this trade but I'll open a short If we confirm a breakout below 1.19238
I will set my Stop-Loss to 1.19368, I will take 50% of my Profit at 1.18917 afterwards I'll set a new Stop-Loss to 1.19025 and final Take-Profit to 1.77777.
(Setup some Alerts for double bottom)
Good luck traders.
The markets closed right on the .618 Fiblevel
-Daily Indicators looks more bullish for me
-Hourly Indicators look more bearish for me (MACD overcross even when its sloppy, and the RSI was rejected at 70)
Its like really a coinflip right now, it kinda wants to take a breath from this heavy downtrend but maybe this was it already.
I expect that the market will...