As I sit in the bushes waiting to snip this pair,and watch it bleed pips. The wait tests your patience, but then anticipation builds and I begin to enjoy the wait... I almost forgot about this markup. The Daily candle closed with an inverted Hammer at 38.2 fib level. Strong reversal candle and strong reversal level. It is only about 100+ pips to my reversal point of 88.6. Then I will be looking to enter short.
The battle I have within myself now, is some people just go short at the hit of the 88.6 while others wait for a reversal pattern and or a confirmed sell trade. I have accepted and owned that I am an aggressive trader. The jury is still out as to how I will enter the trade. Pips are pips
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.