Price has been in a down trend as indicated by the lower highs and the descending trend line...
After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man)
I am shorting at market price 145.396 and
SL above highs @ 145.766 and
TP lower around support @ 144.151
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man)
I am shorting at market price 145.396 and
SL above highs @ 145.766 and
TP lower around support @ 144.151
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
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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.