Hi Everybody,
Decided to close yesterdays trade endo i of London session, I was afraid that this kind of move will happend today.
Anyway first attempt to go in today Lo open didnt work out, after that I was sure, that it will rally up to last key resistance level 1,6800, wich is also 70,5 fibo retracement , avaage daily range level, 15 m orderblock, daily R1 pivot level, 3rd CBDR standard deviation, 4h dynamic resistance.
Beacause the daily price action is still bearish, I decided to sell at this point, of course Rsi is overbought as well.
For profit taking i use fibo projectons on Market makers sell model (last 1h swing up. I will take 50% of at 127% 1,6722 witch is also strong support level and avarage daily range low. The rest on 162% level 1,700 key support level and avarage weekly low.
Hope to see success.
Good day And good trading!
Decided to close yesterdays trade endo i of London session, I was afraid that this kind of move will happend today.
Anyway first attempt to go in today Lo open didnt work out, after that I was sure, that it will rally up to last key resistance level 1,6800, wich is also 70,5 fibo retracement , avaage daily range level, 15 m orderblock, daily R1 pivot level, 3rd CBDR standard deviation, 4h dynamic resistance.
Beacause the daily price action is still bearish, I decided to sell at this point, of course Rsi is overbought as well.
For profit taking i use fibo projectons on Market makers sell model (last 1h swing up. I will take 50% of at 127% 1,6722 witch is also strong support level and avarage daily range low. The rest on 162% level 1,700 key support level and avarage weekly low.
Hope to see success.
Good day And good trading!