Short

bearish continuation

Updated

d/pa made a LH against fib level just didn't pull back as far as i expected (purple zone)
-pa rejected all the way down to the lower end of the channel and hit TP 0.6350 & lower tl
4h/pa made a double top on RES/61.8 fib level 0.66295
-resume bearish trend?
-look for a retrace to neckline to enter short

Note

-pa filled gap;pa has touched the lower end of the channel, leaving a long wick BUT pa also reached with upper wick reaching into SUPnowRES zone/purple area/78.6 fib level 0.66827

answer:what will pa form

Note

-closed trade for +73.4 pips, exit due to pa reaching a previous support area

Note

d/ will monthly sup area (0.6540) hold up or will heavy bearish trend break?
-SUP strong

Note

-re-enetered @0.65136 due to 15m chart pa made a top + small retrace

Trade closed: target reached

4h/still double top formation w/pa forming a smaller lh just below 61.8 fib level
*felt like entry was a lil late, could have been better closed for +73.4 pips

*closed 2 trades (1 compound) +61.2 pips
week=134.6 should have used a trailing stop because pa went on to TP region

Note

tighten up entries
left money on the table - failure of using a trailing stop

tionna03

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