Hi guys, what a week ! Lots of movement in the market this week which is good to see, my bias for this pair is short (sell). I am looking for a spinning top or doji candle formation on the Daily time frame as another confluence to take this short and to allow the temporary bullish momentum to slow down. If this does form I will be scaling down to the 4hr and 1 hr time frame to look for a better wick entry. This is a long term trade so don't put a huge lot size on lets swing trade this down to the -61.8% fib level.
400 PIP GAIN 8/1 RR
400 PIP GAIN 8/1 RR
Trade active:
Stops to break even
Trade closed: target reached:
400 pip up