IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000)....
I was waiting a long time for this brakethrough, a few days ago on this chart. finally it happend.
Now im waiting for a pullback and hopefully we will find some resistance below the trendline.
have a nice trading week, see ya.
Potential Bearish Gartley on the 4 Hour Chart:
To enter, drop down to the 60 minute and wait for a the retest of the 0.618. If it fails to break short at that level and place
a stop just above the .786.
Since we're in a downward trend you can take profits at the .382, .236, or lower if you're feeling daring!