CptCptForex

CptCptForex

double top was formed,the market has reacted to the fib extension, and now looking to go short after the reaction of the pullback.

CptCptForex

Looking at it from the birds eye view, looking to go short in the pullback if the market reacts to those levels that the market has previously tested.

CptCptForex

Still have to wait for some signs that price will go for the lows however, we do have a lot of rules setting up for price to go bearish

CptCptForex

Lots of bearish action going on here, if you zoom out into the daily chart you will see that price has room to move down into a previous support or resistance level...or price could just stop us out :<

CptCptForex

Im still not certain where price may head towards, but for now these are some possible outcomes that ill watch out for.

CptCptForex

Looks like its going to make a higher high. Lots of bullish action.

CptCptForex

I still have to wait for the pattern to complete but if price does reach that area then ill be looking to sell. If price goes down into the take profit then their could be a possible bullish reaction.

CptCptForex

Im going to go for a short trade on this one, could be that price goes against me however, their is a clear trend resistance line that is very noticeable on the daily chart. My take profit is way down at that horizontal line. I drew another horizontal line near my position and basically that is a level that the market could bounce or be a pullback.

CptCptForex Updated 

I used the fib retracement in order to see a few ways the price may travel. I plan to get involved if market hits those levels and shows a possible turn in the market. I may also just get involved in a pullback.

CptCptForex

As you can see the box is an area where price is being rejected and above, price is pushing higher and higher.