It may be to early to call a trend reversal but there is enough reasons to short this pair here:
REASONS TO SHORT:
1) Rejection off 61.8 fib retracement
2) Price is forming consecutive LH and LL
3) Nice price action off the fib level (morning star)
4) Break and retest of 50/200 EMA
5) Rejection off CTL
REASONS TO SHORT:
1) Rejection off 61.8 fib retracement
2) Price is forming consecutive LH and LL
3) Nice price action off the fib level (morning star)
4) Break and retest of 50/200 EMA
5) Rejection off CTL
Trade active
Note
30 pips in profit...please move stop losses to break even or close out and take your profits!Note
now 70 pips in profitNote
now 150 pips in profitNote
Price is melting...200 pips profited so I am closing out one of my two positionsNote
Always nice reviewing your trades and seeing that TP levels were eventually hit...280 pips on this one
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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.
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.