61.8 Pullback
Updated
This is likely, as every other level I've plotted has been tested with lower highs and taking into consideration the retest of the top quarter of the Mod. Schiff. This looks to be a short term Pullback, with potential for a nice profit before heading into lower numbers. Ride the wave.
Note
Coming down to the 59s. My order will be triggered soon. Stay tuned.Trade active
1.2942 entryNote
Got stopped out too early in the Forex.com platform, lost about $3. (Tight SL) Re-entering long at 1.2932.Note
Ouch! Reached 1.2888! I'm still in the original 1.2932 entry, holding on for dear life and keeping track of movement via price alerts. I have positions open on Forex.com, Alveo and Nadex. Will keep you all posted as the day plays along. So far it looks like 61.8 area held nicely - a bit lower than expected but seeing that upward movement I wanted.Trade active
Plan has not changed. Part of the process if patience. New and last stop loss calling the trade completely off is now set at 1.2825. TP is set at high 1.29 - low 1.30 [long term] Check out the link to the screenshot I took to better understand the psychology behind the trade. Each green tick is retest of the Fib levels - all inside the pitchfork.
Trade active
Forgot to mention, small downward break through the blue S/R levels I just drew. If it continues, then we're done. If not, we're in for a treat. MACD and Stoch are bottoming out, with Stoch getting real tight. Possible sign of a crossover. We shall see. War is not over yet. :)Trade closed manually
We're cutting her loose, boys. We live trade again another day.
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