Looking to add more shorts on bounces as I think it will drop more.
My entry points are based on Fib Calculations and Confluences thereof.
This entry triggered by this plan:
My shorts first started with this plan:
Further analysis of the upmove tells me it might reach for the next band above.
It overshot the 1.618, stopped at the 2.618, but the drop was not impulsive, just profit taking
BUT, my trade was not up by a safe amount to go into the news. So whether it drops more or goes up like I expected, I would close that trade everytime to preserve Risk/Reward in the face of news....
At this time, I am watching for these possibilities.
Looks like 65.54/56 to be tested from underneath.