I exited my previous Long position for 30 pips.
I can see a possible head and shoulder forming on the 4HR chart. This looks like a convincing short as the right shoulder lines up nicely on the 61.8 fib level, and also on a mini 4 hr trend line.
I will enter a short @ 0.6940....SL@ 0.6955
I will ride this for a small profit of another 30 pips.
If you catch this train.....enjoy the ride.
I can see a possible head and shoulder forming on the 4HR chart. This looks like a convincing short as the right shoulder lines up nicely on the 61.8 fib level, and also on a mini 4 hr trend line.
I will enter a short @ 0.6940....SL@ 0.6955
I will ride this for a small profit of another 30 pips.
If you catch this train.....enjoy the ride.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.