4 Hour Bearish trend continuation trade
Price Action has created a new Lower Low increasing further to the down side. Now we have seen a relief move where price action has retraced back up to a previous support level looking left (around 0.72280)
We also have a Fib confluence level (618) and a oversold signal on the RSI.
Will be taking 2 positions
Target 1 0.71400 retest of the lows (And even handed number)
Target 2 0.7890 once target 1 is hit will move stops to break even and trail down to this level
We also have a Fib confluence level (618) and a oversold signal on the RSI.
Will be taking 2 positions
Target 1 0.71400 retest of the lows (And even handed number)
Target 2 0.7890 once target 1 is hit will move stops to break even and trail down to this level