If price action can get back up into the 0.618 retracement we will have a potential 2618 trade available for a short, looking for a move back down.
Entry is at 0.7444
Stops are at 0.7500
Target 1 is at 0.7387
Target 2 is at 0.7310
Move your fib level and target 1 level to suit for entry and target 1
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forexjunkie33
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Unfortunately we did not get the pullback i was expecting, price action just went straight down.
forexjunkie33
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the trade is not valid now, we did not get the pullback.
rigen
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Any update..................???????
forexjunkie33
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As for next week i have no idea what this market is going to do, we will just have to wait for another set up that is based on your rules.
forexjunkie33
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Hi, the actual 2618 trade is no longer valid as we did not get the pullback inti the 0.618 fib retracement, as you can see price action just went straight down.
rigen
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excellent idea. How do you do it ?????
So perfect.
Whats the next week move. Please update. Thank you.