based on what I can see, my plan, and the strategy I will use, I am expecting price action to move up to the 113.500 resistance line before heading back down to the 382 fib line. Plenty of confuence, including measured move, fib, fib extensions, MA's, and Stock/RSI. Trend was showing up on Friday but I will be looking to short as price moves/bounces off of the 1618 Fext. Very early experience so I don't know how this will play out but we will see.
If things go as planned,
Enter short at confirmation of trend reversal (113.300?)
SL of 100pips above res line (113.600)
TP at 110.758ish.
Let's see how this rolls.
If things go as planned,
Enter short at confirmation of trend reversal (113.300?)
SL of 100pips above res line (113.600)
TP at 110.758ish.
Let's see how this rolls.
