See trade above for a reversal strategy on the selected pair
We are over extended to the downside approaching a key long term supportive price of 72.500
We have deceleration at this point and a doji formed on the daily chart
Entry Triggered @ 73.250
SL : 72.250 (100 Points)
TP : 75.000 (175 Points)
Please remember to only risk 1% of your trading capital per trade, this strategy has a 68% strike rate which we allow to play out over time, so again please do NOT risk more that 1% of your portfolio per trade.
We also have so added confluence of the key fib line matching up at the 72.600 rejoin to give extra support.
Good Luck Traders.
I will update as we go...