The price was rejected from the .786 fib and printed a bear flag, the target of which and the bearish rhombus also point to 1.0795 which conveniently lines up with the.5 fib.
There is also a second target at the .382, also shown by the rhombus
There is also a second target at the .382, also shown by the rhombus
Trade closed: stop reached:
Haha, well it was good whilst it lasted
Comment:
maybe I spoke too soon, the correct place for the stop with the bear rhombus is just above the pattern, maybe we will still reach the target?