This pair broke a long time trend line a couple days ago. Since then it retraced @ ~1.0050 to that previous trend line (fib retracement 0.618) and broke the bottom of the smaller degree channel.
Go short after retracement is completed (around 0.9950)
Stop loss : 1.0050
Target #1 : 0.9590
Target #2 : 0.9460
Trailing stop using the BW Alligator's teeth will be activated around 0.9850 + bonus positions will be open on every buy fractal breakout.
Go short after retracement is completed (around 0.9950)
Stop loss : 1.0050
Target #1 : 0.9590
Target #2 : 0.9460
Trailing stop using the BW Alligator's teeth will be activated around 0.9850 + bonus positions will be open on every buy fractal breakout.
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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.