- Possibility to short from 50% retracement of D1 Pinbar on yesterdays close.
Even though this is a counter trend position against strong upward momentum a reversion to the mean is due, as price action is somewhat overextended against the mean average
As long as the daily close below Resistance Zone 0.68090 and 0.68317 my conviction will be towards a bearish swing.
My support watch zones are 0.67880, 0.6700, 0.66971 and finally 0.64548
A daily close above 0.68090 will cancel my bearish reversal outlook.
Order cancelled:
Trade closed at a small loss, due to daily close above my key level,
this was like catching a falling knife, dont trade against the trend!!!
this was like catching a falling knife, dont trade against the trend!!!