Entered on 3rd test of trend line after MACD looked to reverse as it did several times previous to it. Holding long for now until a swing back down.
Trade stängt manuellt:
I have reversed my trade so now I am short. Daily RSI is at the same levels that it has reversed significantly in a downward manner. MACD also shows signs of slowing but with a small upside potential barring any big economic news. My SL is set just above the 100% fib mark with an open ended limit.
Looking good so far. Might have a small pull back due to strong resistance on the 61.8 fib line. If it holds the trend line it will remain a good buy.