Short the fib retracement

24 févr. 2020

Gold +1.57%
VIX +6.5%

Coronavirus Live Updates: Italy Locks Down Region After Spike in Infections nyti.ms/2VbjqGt
Coronavirus Spreads Outside China as Worries Mount wsj.com/articles/coronavirus-spreads-outside-china-as-officials-worries-mount-11582473370

ASX is reacting too, to get in on the downward movement we have to be a bit more patient though, wait for some retracement from the shock.

24 févr. 2020

Note

Well missed this train, will aim entry on another time - there is always another trade, I do not recommend chasing bottoms.

24 févr. 2020

Transaction en cours

Ah I thought this was my AUDUSD idea :) I actually chased this one a bit as it was so strong momentum but still very high likely hood of further losses as I got in at 6982.15 SL is the same but I had to zoom out to weekly to find a good target as the first support snapped like crisps. Got a bit more ambitious given the momentum, 1st target (2/3 pos.) on weekly chart ichimoku baseline (red) next one is the top of the cloud with SL moved.