Price is at the resistance level (previously support)
Downward trend (Price is on trend line)
Increasing downward momentum (Length of candlestick is growing)
Short = 200 pips to near support level
*The author is not liable for losses incurred.*
Downward trend (Price is on trend line)
Increasing downward momentum (Length of candlestick is growing)
Short = 200 pips to near support level
*The author is not liable for losses incurred.*
Note
Fib retracement 61.8...Using LH of 1.89586 and LL of 1.84059Trade active
100+ pipsTrade active
200+ pipsNote
Set trail stop to 1.8530Trade closed: target reached
Great profit.
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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.
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.