Trade (1)
Entry Type : Market Sell @ 140.349
Stop Loss : 141.600
Take Profit : 136.000
R/R : 3.48
R/R % : .37% / 1.28%
Trade (2)
Entry Type : Limit Sell @ 140.500
Stop Loss : 141.600
Take Profit : 136.000
R/R : 4.09
R/R % : .37% / 1.51%
Technical Analysis:
Price Action has consolidated right underneath the 61.8% fib level and at a key resistance (140.500).
Im expecting a short to be carried until a touch from the ascending trend line roughly at the 136.000 level which is the 50% Fib level on the daily uptrend. I have .37% per a position giving me a total risk of .75% to this pair.