Stop is 30 pips Target is 125 pips Risk reward is 4.2
Risk reward is 5.5. stop is 40 pips. target is 220 pips.
Price has been on two stop hunts. We then had a takeout of the resistance. Now we are falling all the way to support.
Price is in a downtrend. Entered when we couldn't break and close above the 61.8% Fib level. Stoop above the 71% Fib and the trendline and the target is at the first fib extension.
Clear downtrend. Clear rejection off Resistance and Fib levels. Sell limit set. Happy Days. To join Analysis Group/ Tom4fx@gmail.com