Nice short term setup here.
We can see the 1hr bullish trend has now broken. Adding a fib into this you can see we had a nice impulsive move up and then price rejected the 61.80. Price then followed with a nice bearish closure under the 50% so now we have got in on this test. Let's ride this down with a tight 10 pip SL
We can see the 1hr bullish trend has now broken. Adding a fib into this you can see we had a nice impulsive move up and then price rejected the 61.80. Price then followed with a nice bearish closure under the 50% so now we have got in on this test. Let's ride this down with a tight 10 pip SL