This pair has now reached the 0.618 fib retracmeent level + we have a double top. Seems like a good level to enter short.
Entry: market
Stop: 0.7391 (above current double top)
Breakeven: 0.7280
Target: 0.7070 (-27% fib retracement level or when USD is starting to correct...check USDOLLAR + DXY)
Entry: market
Stop: 0.7391 (above current double top)
Breakeven: 0.7280
Target: 0.7070 (-27% fib retracement level or when USD is starting to correct...check USDOLLAR + DXY)
Commentaire:
If you want to trade it safer, you might want to wait for the breakout, then the pullback, then go short.
Ordre annulé:
The top has been broken. Therefore, I won't consider this setup to be valid anymore.