The pair broke its corrective pattern 2 hours ago to the downside. The previous demand zone has shifted to a supply zone implying that selling is ongoing.
I am selling at the market and will target the 127.2% fib level which is the next demand zone.
The RR for this trade is above 2.5.
Trade at your own risk.
Cheers,
Comment
Trade closed: stop reached
Comment
Target was reached but my stop was a bit too close of my market price
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