Its been in a consolidation for about a week (Due to the holidays), if it breaks on the downside prepare for a sell but keep an eye for any fake breakouts.
When I activate my trade. I will hold unto this position till around the 78.6% (0.9396) Fibonacci mark and leave my SL around a few pips above the consolidation pattern.
When I activate my trade. I will hold unto this position till around the 78.6% (0.9396) Fibonacci mark and leave my SL around a few pips above the consolidation pattern.
Trade active:
My trade had activated around 0.965436
Trade closed: stop reached:
Activated my stop loss. A fake breakout occurred.
