Well here's whats on my mind this week. There is very little economic data this week until Thurs-Fri PST.
I'm short @1.56 the 50% Fibo (Top of the channel) from Early Jan 2013. I'm looking at a retrace to the 38.2% Fib of 1.542
Entry: Short 1.56
SL: 1.566
TP: 1.542 @38.2% OR earlier if the price action meets bottom of the channel prior to the 38.2%
Thoughts?
I'm short @1.56 the 50% Fibo (Top of the channel) from Early Jan 2013. I'm looking at a retrace to the 38.2% Fib of 1.542
Entry: Short 1.56
SL: 1.566
TP: 1.542 @38.2% OR earlier if the price action meets bottom of the channel prior to the 38.2%
Thoughts?