Short continuation after retrace
Updated
2 hour divergence on stochastic signaling more down side
uptrend retraced to the 61.8 and shows a double top reversal, signals more downside
bigger charts suggest more bearish conditions at moment, still no sign of bullish upside yet, it will take more time
observe entry points using smaller charts and stochastics for better entry point, hold time could be a few days, giving more time to enter as we go down
uptrend retraced to the 61.8 and shows a double top reversal, signals more downside
bigger charts suggest more bearish conditions at moment, still no sign of bullish upside yet, it will take more time
observe entry points using smaller charts and stochastics for better entry point, hold time could be a few days, giving more time to enter as we go down
Trade closed: target reached
As for myself, I do like to lock in profits, so I decided to close my 135 pips, as far as where prices are now, give it time to play out and allow patterns to show themselves along with proper entry rules, bearish plays are high reward plays at the moment, i would not risk going long until charts and technicals lines up for it
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