WW Forming Possible Long and Short instraday trade oportunities.
Long Counter Trend Trade due to dominant WW with long term short bias. Watch for W4 to reach 61.8% fib ratio of w3 to 2. Look to go long with target to complete at 145% fib
Short Trade confirmed short bias by dominant WW on daily chart. W5 completion point of entry forecast between 71.20 and 71.60 with a target of 67.00 and a stop at 72.40 which is 161.8% fib of w3 to 2. (R/R) 5.98
Short Trade confirmed short bias by dominant WW on daily chart. W5 completion point of entry forecast between 71.20 and 71.60 with a target of 67.00 and a stop at 72.40 which is 161.8% fib of w3 to 2. (R/R) 5.98
Trade active:
Short to target $66