RelentlessFX

RelentlessFX

TREND CONTINUATION TRADE.... GREAT RISK/REWARD RATIO. HITTING THAT .618 FIBONACCI LEVEL WITH AN OVERSOLD RSI ON THE 15 MIN CHART.

RelentlessFX

Market has tested 4 times at this resistance level but the bulls cant go through. great opportunity for a short position with great risk/reward ratio. Can open trade now near fibonacci .618 level with a stop loss near big resistance level or wait for a 5th test on that level. If it breaks the resistance level wait for a retracement to get in long.

RelentlessFX

POSSIBLE DOUBLE TOP ON MAYOR RESISTANCE LEVEL OR .618 RETRACEMENT LEVEL ON THE FIBONACCI LEVEL

RelentlessFX

WAITING FOR IT TO GO A LITTLE BIT MORE AND AFTER SOME BULLISH SIGNS ENTERING THE TRADE.

RelentlessFX

JUST HIT THE .618 FIBONACCI EXTENSION AND IS OVERBOUGHT ON THE 1H RSI