Price making Lower Lows And Lower Highs. ( Market Structure )
Fibs tools used for 50% Lower High reversal and entry.
stop-loss placed above the 78.6 on the fibs.
Price under 200 moving average on the 1hr timeframe.
200 moving average pointing downwards showing the downtrend market momentum.
Profit take on the 3rd take profit levels on the fib tool.
Fundaments: NEWS EVENT
USD News event took place and price rapidly move downwards.
Fibs tools used for 50% Lower High reversal and entry.
stop-loss placed above the 78.6 on the fibs.
Price under 200 moving average on the 1hr timeframe.
200 moving average pointing downwards showing the downtrend market momentum.
Profit take on the 3rd take profit levels on the fib tool.
Fundaments: NEWS EVENT
USD News event took place and price rapidly move downwards.