- Trading the pull back before the next drop. - Short Trade Idea -Risk management is important. -Trade at your own risk.
- SELL STOP AT 61.8 -WEEKLY RESISTANCE
Expecting the candles to become wicky at the black daily resistance and continue to push up. Trade with risk management!
- 61.8 Retracement - Continuation of a up trend - we are at weekly support and should continue up 150 pips -
- Weekly resistance level - Slowing down a resistance- price action - 61.8 Retracement level - 30 pip stop loss
Price is current in the 61.8 zone. It should retest the sell zone before selling and continuing the trend. Stop loss is 8 pips above the previous higher high TP 1- 3 Is drawn out for you.