-- Price has hit 61.8 Retracement coming off the bearish shark then turnt bullish
-- Price is in a descending channel which could influence buyers to come into market on hope of a break out however this does not guarantee a reversal.
-- I anticipate movement towards the upper trendline with a possible break
in the case this happens i would await confirmation to buy the breakout
-- On the other hand we have good structure. [ Bear Biased ] I will await a break below 61.8 to continue selling
Feedback Appreciated, Many Thanks
-- Price is in a descending channel which could influence buyers to come into market on hope of a break out however this does not guarantee a reversal.
-- I anticipate movement towards the upper trendline with a possible break
in the case this happens i would await confirmation to buy the breakout
-- On the other hand we have good structure. [ Bear Biased ] I will await a break below 61.8 to continue selling
Feedback Appreciated, Many Thanks
Note
Half lots closed move stop to BETrade active
Trade closed manually
Closed 135 PIPS :)
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Related publications
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.