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Sterlina / Dollaro
Short

Cable - Short opportunity in the making...

Di theselfishtrader
Aggiornato
A trade I have been stalking for some time. After breaking out of a previous area of consolidation, price has retraced back into this area. I will be looking for shorting opportunities intraday, with a view to a swing trade targeting the 1.230 region.

Supporting criteria:
  • RSI overbought
  • ADX approaching extremes
  • 61.8% Fib of dominant downswing has confluence with the congestion zone
  • 127.1% Fib extension of the current swing is within the congestion zone
Trade attivo
Short from 1.2381
Trade chiuso: stop raggiunto
Out for break-even
Nota
Will look for an opp a little higher up as originally planned.
Trade attivo
Limit order at 1.245 hit.
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theselfishtrader
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