Cable - Short opportunity in the making...

17 thg 3, 2017

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
  

17 thg 3, 2017

Giao dịch đang hoạt động

Short from 1.2381

17 thg 3, 2017

Đóng lệnh: dừng lỗ

Out for break-even

17 thg 3, 2017

Ghi chú

Will look for an opp a little higher up as originally planned.

21 thg 3, 2017

Giao dịch đang hoạt động

Limit order at 1.245 hit.