Priced has bounced off the pivot point and then a second bearish candle working with the established downtrend, Stochastic has crossed over above 80. ADX has also started to decline from the short previous up-trend. A 90 pip opportunity over the next couple of days?
Too close to call it yet, but if it gets to 75% of my stop loss, I think this is going to make higher highs. What do you think?
Trade closed: target reached:
Nice! 90 pips in the bag