GJ Sell
M: Downtrend, price broke trendline
W: Uptrend, respecting the lows
D: Uptrend. Hit -61.8 THREE times, creating new resistance level
4H: Was in uptrend. Retraced to 38.2 and hit TP1 at previous resistance. Now trending down, retraced to 61.8.
1H: Downtrend. Price broke and retested trendline @ 61.8 on 1H FIB
CURRENTLY:
Minor structure fib just hit -61.8 and reversed to 1HR trendline.
I am looking for price to break and retest 1HR trendline and continue selling to -27 on 1H fib, Long term TP2 @ -61.8
~150 - 250 pips
W: Uptrend, respecting the lows
D: Uptrend. Hit -61.8 THREE times, creating new resistance level
4H: Was in uptrend. Retraced to 38.2 and hit TP1 at previous resistance. Now trending down, retraced to 61.8.
1H: Downtrend. Price broke and retested trendline @ 61.8 on 1H FIB
CURRENTLY:
Minor structure fib just hit -61.8 and reversed to 1HR trendline.
I am looking for price to break and retest 1HR trendline and continue selling to -27 on 1H fib, Long term TP2 @ -61.8
~150 - 250 pips
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