Based on our system, we have some information for your consideration as below:
1. Trend: BEARISH
Reverse at Fib 50% Lower High Closed below EMA RSI<50
2. Signal Bar: As shown on chart --->GO SHORT
SELL STOP ORDER
➡️ Entry = 1.21830 ❌ Stop loss = 1.22060
✅ Profit Target 1 = 1.21520 ✅ Profit Target 2 = 1.21270 ✅ Profit Target 3 = 1.20950 ✳️ Or you wait for the reverse bar at these target levels to move Stop Loss.
Let see what happen next.
NOTE:
THIS IS NOT A RECOMMENDATION TO TRADE BUT PURELY AN OBSERVATION ON PERSONAL RESEARCH. YOU MUST MAKE AND MANAGE YOUR OWN TRADING DECISIONS
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