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- 61.8 Retracement
- Continuation of a up trend
- we are at weekly support and should continue up 150 pips
- 61.8 Resistance
- Daily Resistance
- Weekly resistance level
- Slowing down a resistance- price action
- 61.8 Retracement level
- 30 pip stop loss
- Trading the pull back before the next drop. - Short Trade Idea
-Risk management is important.
-Trade at your own risk.
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.