And here are today’s trade details:
Regression Channel gave the trend line.
Fibonacci from yesterday’s low and today’s high gave the power levels needed to be broken.
The pair broke the channel, but the MACD was still positive. And bounced back from Fib 38.2.
After another hour it broke the Fib 38.2 and closed bellow. MACD turned negative. Good sign.
RSI and MA in good position, bellow 50 line.
I entered SHORT on the 3rd MACD negative at 1.2709.
I knew it’s a Perfec Setup so I targeted 20pips.
After half hour profit was taken, position closed. Good day for profit.
Here is the image:
Thank you for your time and Happy pippin’