Tramline pair was tested and acted as resistance leading to new lows (SEE PREVIOUS POST)
I am trailing this and looking for continued lows into tomorrow. We have also traded our bigger macro structure 100% fib ext level at 1.0213s which means I am now labelling this as an 'abc' macro structure and not a '12345' macro structure as mentioned in my Tweet thread yesterday. I will be trailing this 'c' wave all the way down until I see a complete candlestick structure. Once it is complete we should see a swing reversal to at least the 50%-61.8% fib retracement of the whole 'abc' move down!
GL in your trades, keep position size small and keep your account safe as always.
P.S If we completely let go into tomorrow potential targets are the 161.8% fib ext at 1.0059.
I am trailing this and looking for continued lows into tomorrow. We have also traded our bigger macro structure 100% fib ext level at 1.0213s which means I am now labelling this as an 'abc' macro structure and not a '12345' macro structure as mentioned in my Tweet thread yesterday. I will be trailing this 'c' wave all the way down until I see a complete candlestick structure. Once it is complete we should see a swing reversal to at least the 50%-61.8% fib retracement of the whole 'abc' move down!
GL in your trades, keep position size small and keep your account safe as always.
P.S If we completely let go into tomorrow potential targets are the 161.8% fib ext at 1.0059.
