Summary
The chart shows that the market is moving in a downwards trend. So far it made a touch at the fibonacci retracement at 0.5 point and started moving downwards. I entered the trade as it made a bear flag. So far its going good. Will make another entry as it make another flag.
Steps to be taken
The chart shows that the market is moving in a downwards trend. So far it made a touch at the fibonacci retracement at 0.5 point and started moving downwards. I entered the trade as it made a bear flag. So far its going good. Will make another entry as it make another flag.
Steps to be taken
- Wait for a clearer flag.
- Be careful if you see a reversal. Set take profit at the high point when the market opens or set it to breakeven, to be on the safe side.