NOTE: Small lot and limited risk with tight stop loss
The 2nd leg completed at the 1618 of the 1st leg retrace.
Barb wire dojis show a lot of indecision on the 4Hr.
Strong Bearish divergence on the RSI.
Sold at 103.80 where the 20ema has confluence on the 1Hr chart.
Target at 103.19 at bottom of the channel & 38.2% retrace of the 2nd leg.
The 2nd leg completed at the 1618 of the 1st leg retrace.
Barb wire dojis show a lot of indecision on the 4Hr.
Strong Bearish divergence on the RSI.
Sold at 103.80 where the 20ema has confluence on the 1Hr chart.
Target at 103.19 at bottom of the channel & 38.2% retrace of the 2nd leg.