My earlier Trade activity:
I sold three lots at 1.3000 – the results were:
+55
+100
+174
Wednesday Trade Setup:
I will be looking for more downward movement. I am just looking for the right time to enter.
So we will use Fibonacci retracement to determine the level to enter to the downside.
When the price hits a retracement line and then drops down and the rsi rises above 50 and then drops below 50 that will be the entry to the down side.
I will buy 3 lots:
1st lot limit and stop at +55 pips
2nd lot limit at +100 Pips stop at 75
3rd lot no limit stop at -100 pips with a trailing stop of 55 pips
