`The overall move is a down trend.
`From the main downtrend we havem more waves. within those waves we are exactly in a retracement, preparing for the next hopefully impulse .
`I work with 20 pips stop loss, this is why my entry is higher at the 88.6% of Fibo, but you could easily enter at this point, as long as it matches with your trading plan.
`From the main downtrend we havem more waves. within those waves we are exactly in a retracement, preparing for the next hopefully impulse .
`I work with 20 pips stop loss, this is why my entry is higher at the 88.6% of Fibo, but you could easily enter at this point, as long as it matches with your trading plan.