DOWNTREND TECHNICAL ANALYSIS 8 - 12 OCTOBER 2018

DOWNTREND
PREVIOUS SWING HIGH - 1.30822
PREVIOUS SWING LOW - 1.27828
BROKEN STRUCTURE - 1.29948
PREDICTION: 1.28818 - 1.29352
NEXT SUPPORT - 1.29788
LOOK FOR SHORT ENTRY REASONS ON SHORTER TIME FRAME
ONLY PLACE TRADE IF RISK TO REWARD IS <1
STOP LOSS: .786 RETRACEMENT
TAKE PROFIT: .382 RETRACEMENT
TAKE PROFIT: .236 RETRACEMENT
TAKE PROFIT: 1.29788
KEEP IN MIND THAT ON 4 HOUR CHART IS OVERBOUGHT AND MACD IS DIVERGING BEARISH AND ON DAILY CHART MACD IS DIVERGING BULLISH
PLACE STOP LOSS TO BREAK EVEN WHEN PRICE HIT'S FIRST TARGET
LOOK OUT FOR ECONOMICAL EVENT'S
THIS IS JUST MY ANALYSIS IT COULD BE RIGHT OR WRONG.
PLEASE LEAVE POSITIVE FEEDBACK, CRITICISM, YOUR THOUGHT'S AND YOUR IDEAS
lIKE IF YOU FOUND THIS USEFUL AND FOLLOW ME FOR MORE IDEAS- I WOULD REALLY APPRECIATE IT
GOOD LUCK, TRADERS