Upcoming correction ahead

18 dic 2016

We have a very beautifully market constellation. The price reached the 1,618 extension of the privious bearish leg. The 0,382 retracement of the current bullish leg is exactly the previous leg. Thus, I look for a confirmation of a upcoming correction to go short. Taking RSI into consideration, it shows divergence already.



What do you think?
Your Likes much appreciated.

19 dic 2016

Trade attivo

19 dic 2016

Nota

JPY shows some weakness after strong bullish movements since beginning of November. I am going to increase my position with next possibility and good Risk/Reward-Ratio. However, trading correction might be mind stressful.

20 dic 2016

Trade attivo

21 dic 2016

Trade attivo

Increased my position. The opening of the UK-stock will be important.

22 dic 2016

Trade attivo

Break of the last low.

27 dic 2016

Trade chiuso: obiettivo raggiunto

First target reached.