A trade I have been stalking for some time. After breaking out of a previous area of consolidation, price has retraced back into this area. I will be looking for shorting opportunities intraday, with a view to a swing trade targeting the 1.230 region.
Supporting criteria:
RSI overbought
ADX approaching extremes
61.8% Fib of dominant downswing has confluence with the congestion zone
127.1% Fib extension of the current swing is within the congestion zone
交易开始
Short from 1.2381
交易结束:到达止损
Out for break-even
注释
Will look for an opp a little higher up as originally planned.