fib 50% rejection???

The broken lower trendline on the H1 chart indicates that the beast is now in southward move again.

I reentered sell position at the close of H1 candle as the price is rejected by the fib retracement 50% level. Possible target taking is at 143.50 which is at the proximity of 161.8% fib level.

In case I am wrong, my stop loss at 145.96 (33 pips risk only) should save me out of trouble.

Below is the H1 chart as of 2 am Malaysia.

  • 3.35 am - +35 pips now. SL moved to BE +1
  • 10.00 am -stopped out in green; price went down to 143.73 before retracing upwards)


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