Price has already completed the XABC waves of a pending bearish pattern and it's heading up, most likely to reach the 0.786 fib of the XA wave to complete the pattern. A sell limit order has been placed at the 1.1977 where the CD wave completes.
Setup: Sell
Entry: 1.19977
Stoploss: 1.20965
Profit targets: 1.18298, 1.17238
In case price reaches the first target we move sl at breakeven to the second position
Trade with care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
Setup: Sell
Entry: 1.19977
Stoploss: 1.20965
Profit targets: 1.18298, 1.17238
In case price reaches the first target we move sl at breakeven to the second position
Trade with care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
