short UC 4hr time frame, same trade in progress

10 Mar 2019

This is a close up of the previous trade currently in progress. Just want to a 4hr record to go with the wkly.

12 Mar 2019

Not

working so far. stops currently set above the hi at 1.3468. Will move those down to the next hi after today's close.

13 Mar 2019

Not

The 50% retracement level comes up at 1.3298. If there is any action there I will close one for profit and wait for things to play out for a re–entry.

13 Mar 2019

Not

progressing nicely. need 1.3298 break to keep moving down.

13 Mar 2019

Not

made it down past the 1.3298 hurdle fairly smoothly. Now we have the 50% retracement of the whole wave coming up at 1.3269. The immediate issue is getting a lower low as the current leg comes down. This is a reversal pattern and we are on the final leg. This is easily seen on the daily chart. So this next low will be huge for the remaining 1000 pips of the trip.