Dangerous Chart!
Updated
The 38,2 Fibo stopped the drawdown. From this Level a ountermove started - but that move was not sustaiable. We are again trading near the last low @ 0,55AUD.
Trading below that Level could initiate an ugly downwave, TP could be the EMA 90.
The chart brightens with Prices > 0,7 - there a procyclical trade could be opened.
Also thinkable is an anticyclical countertrade: Buying the Support with a sl near below 0,54AUD
My favourite trade would be Waiting for the Breakout: Stoppsell near below 0,54AUFD , SL ~ 0,6., TP1 0,47 TP 0,36
Trading below that Level could initiate an ugly downwave, TP could be the EMA 90.
The chart brightens with Prices > 0,7 - there a procyclical trade could be opened.
Also thinkable is an anticyclical countertrade: Buying the Support with a sl near below 0,54AUD
My favourite trade would be Waiting for the Breakout: Stoppsell near below 0,54AUFD , SL ~ 0,6., TP1 0,47 TP 0,36
Note
still fighting with the 38,2 fibo.Note
Downmove in full swingNote
Note
Trade closed manually
trading near my thought tp - nice!Note
It`s like magic, the max. fibo stopped the downwave and wde made a new "2" now it could climb up to 0,5aud, here is the min correction fibo for the countermove Note
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