Possible Downtrend Pullback
Updated
We have a clear downtrend, price seems to be pulling back, we can expect a pullback in between the 61.8 and 50% Fib, if we have a clear price action confirmation we can go short. If there's no clear PA confirmation I wouldn't advice taking this trade!
Comment
Price made a perfect pullback for all of those who managed to entry to this trade you may protect your trade, take profits, or take partials and wait to see if price reaches the 0.272 Fib as expected! Enjoy your Pips!
Trade closed: target reached
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.