Traders,
As you can see we have broken a weekly key price area with the full daily candle close below that level.
What we currently see is a pullback to a 4HR resistance, that of course is a pull back to the .500 fib retracement area.
When to Enter:
Once we see a trend break of the 1HR or 30M chart than we will be entering short with a stop loss above previous highs, looking for a target of 70PIPS or if we see positive close than a profit of 160PIPS
Thanks
As you can see we have broken a weekly key price area with the full daily candle close below that level.
What we currently see is a pullback to a 4HR resistance, that of course is a pull back to the .500 fib retracement area.
When to Enter:
Once we see a trend break of the 1HR or 30M chart than we will be entering short with a stop loss above previous highs, looking for a target of 70PIPS or if we see positive close than a profit of 160PIPS
Thanks