Hey guys this is my short idea on this pair.
I'm working between the daily and 4hr timeframes
So the market has made a double top on the 4hr timeframe around the 0.236 daily fib level.
4hr- Then made a lower low and now retracing to the 0.382 4hr fib level, that says to me trend continuation.
So on the 4hr timeframe if the market continues to push down towards the 0.236 level I will get in to the trade as a seller.
Entry: 17.55
Stops: 18.68
Targets: 13.98
Now on the daily timeframe this trade will hopefully appear as a retest of support.
Hey guys don't be a stranger and shoot your opinions and thoughts at me as it would be great to hear them.
I'm working between the daily and 4hr timeframes
So the market has made a double top on the 4hr timeframe around the 0.236 daily fib level.
4hr- Then made a lower low and now retracing to the 0.382 4hr fib level, that says to me trend continuation.
So on the 4hr timeframe if the market continues to push down towards the 0.236 level I will get in to the trade as a seller.
Entry: 17.55
Stops: 18.68
Targets: 13.98
Now on the daily timeframe this trade will hopefully appear as a retest of support.
Hey guys don't be a stranger and shoot your opinions and thoughts at me as it would be great to hear them.