Short around 111.75-112.00
Updated
The market is a downtrend since it did break the 38.2 Fibs, now it's retesting it (creating a flag) in order to continue the rally toward the 61.8 Fibs.
This trade is a potential profit of 162 pips and about 30 pips risk.
This trade is a potential profit of 162 pips and about 30 pips risk.
Note
We need to have a nice breakout of the red trendline in order to sell.Trade active
@ 111.35Trade closed manually
@ 111.27. + 7 pipsNote
The market looks like going up looking for a new lower highNote
Waiting for the sell zone to reenter short around 112.00.Trade active
Short @ 111.98Note
Expect a nice drop from 112.33
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