failed short setup
Momentum: 98 ( below 100 )
Price: Below 20 & 50 moving average
Execution Zone: Below 68% of move Fibonacci
Momentum (9): 100.56 ( Just above 100)
Bands: widening slightly (acceptable shape for trade)
Volume: Relatively high volume (not so valid for Forex)
S&P: Not applicable
Conclusion: The set up has limited success rate and the entry point is premature and stop loss is too close, regarding the A.T.R. Also there is major resistance line ahead like 1.9084, 1.9019, 1.8862
Price: Below 20 & 50 moving average
Execution Zone: Below 68% of move Fibonacci
Momentum (9): 100.56 ( Just above 100)
Bands: widening slightly (acceptable shape for trade)
Volume: Relatively high volume (not so valid for Forex)
S&P: Not applicable
Conclusion: The set up has limited success rate and the entry point is premature and stop loss is too close, regarding the A.T.R. Also there is major resistance line ahead like 1.9084, 1.9019, 1.8862
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