We have seen a sharp break of consolidation being held at 1.33000 which is rejecting off a daily trend line. Price has come back up to broken support turned resistance and has respected the new resistance as well as other confluences for the short such as the 61.8 fib level and the 4 hourly 50 ema. If we can break the 0% fib which is currently sitting at 1.31565 I don't see why we cant see the -27% or the -61.8 being hit. My main target is the -27% due to the duplication of the impulse leg from A-B sitting around the -27% level
Comment:
Now the 0% has been hit. Half of my position has been taken off and I'm letting the rest run to my further targets with stops at break even
Comment:
-27% hit. TP 1 hit with half position taken off