Our mirror line (orange) clearly shows us that price has been in replica. Price is currently creating a rising wedge towards the 61.8 Fibbo line and our trendline. I am anticipating a third touch of our trendline, followed by a drop. Price has already rejected at the 61.8 and may still drop anytime now. A clear break and close below the wedge will trigger short positions and my target profit will be the -27 extension, which is very close to our next key level.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
#TradeLikeMagnatrio
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
#TradeLikeMagnatrio