Price started falling back from longer term resistance and now below 38.2% fib level(see the weekly chart below) signaling a long term downward move may be underway as price is still below 200 period MVA of the weekly chart.A short trade was executed from the 4H chart as price fell below 20 period MVA of the 4H chart.The trade will be open as long as no 4H candle closes above .7650 initially targeting 38.2% fib level from 4H chart.
Trade fermée manuellement:
Trade closed for 63 pips profit.Will look to re enter on sunday to avoid price gap during the weekend.