I have placed an order to go short from the 38.20% fib level.
2016Sep22 I have placed an order to go short from the 38.20% fib retracement level at 1.1220. My target is set to 1.1166 and my stop 1.1256.
My target brings me down to the lows reached on 2016Sep09 and 2016Sep13.
I believe the pair has more downside momentum, but wants to retrace first.
My target brings me down to the lows reached on 2016Sep09 and 2016Sep13.
I believe the pair has more downside momentum, but wants to retrace first.
Note
Well, the price retraced on the 38.20% fib level but on the 30 min. chart. I have allocated my funds to a short on oil.Note
The pair has reached the 38.20% fib retracement level on the hourly chart and I have entered a short trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.