I am actually looking to re-enter short depending on the current candle and how it shapes up.
Believe that spike to be the result of the EUR news release (trade balance)
sometimes the premise is: if the B to C leg is formed in a few short bars, then the C to D leg could be extended to the 127 - 161.8 fibs (of the A to B leg), which it is currently at (161 to be precise).
Daily pivot at Psycho 1.30000, current candle formation at close will be my "tell"
Believe that spike to be the result of the EUR news release (trade balance)
sometimes the premise is: if the B to C leg is formed in a few short bars, then the C to D leg could be extended to the 127 - 161.8 fibs (of the A to B leg), which it is currently at (161 to be precise).
Daily pivot at Psycho 1.30000, current candle formation at close will be my "tell"