A good entry point for this short trade from current levels with a stop at 1.36671.
We are targeting the larger degree .618 retracement at: 1.17943.
This would give us a ratio of 5:1.
We had confirmation at 1.34715 but it's not too late to get in.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
We are targeting the larger degree .618 retracement at: 1.17943.
This would give us a ratio of 5:1.
We had confirmation at 1.34715 but it's not too late to get in.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
