We have entered a short trade based on fundamentals and technicals - see attached -
Our trade generated 400 pips so far. Our midterm target was 73.46. We are just 50 pips away from the target.
We predict a major correction before the bearish continuation.
Tools&Measurements Used for the Long Entry
- RSI divergence on H4 chart
- Fib 78.6% of XA Move
- Test of the Broken Bearish Trendline on the Daily Chart
Area of the Entry: 73.74 - 73.46
Stop: Below 73.00
Targets: 74.20 74.80 75.30
Good Luck
Our trade generated 400 pips so far. Our midterm target was 73.46. We are just 50 pips away from the target.
We predict a major correction before the bearish continuation.
Tools&Measurements Used for the Long Entry
- RSI divergence on H4 chart
- Fib 78.6% of XA Move
- Test of the Broken Bearish Trendline on the Daily Chart
Area of the Entry: 73.74 - 73.46
Stop: Below 73.00
Targets: 74.20 74.80 75.30
Good Luck
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