Anticipating further lows after breakdown today

Updated

This is how you draw a pair of tramlines for the completed 161.8% fib ext draw.

You draw the first tramline connecting the top 2 points of the draw and the lower tramline from the second red candle close low. This gives a guide as to where the retracement can come to before making new lows again.

Note

This played out to absolute PERFECTION.

Looking for a continued sell off into tomorrow down towards the 1.001 level.

Trade closed: target reached

Technical perfection. Targets reached.

TheEuroTrader

Also on:

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.