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.
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.
UPDATE :
- 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)
0 comments:
Post a Comment
You are welcome to post comments. However, please do not use Anonymous as your ID. At least, put in your initials for easy reference in further conversations.