By: Fadi Steitie
Trend Expected Direction: Down within a falling channel.
Method: Elliott Waves and Fibonacci Trading.
Description: Just for afternoon update on the pair above, I see the
correction is heading toward 2.618 Fibonacci or 1.32250 price point and
from there we need to keep our eyes open for further correction or to
trigger our short position with open target. I am going to place my
short position just at 1.32250 and watch the next market move. In the
same time, I reduced my Stop Lose to 1.33500. I will keep you posted if
things changed or need to be adjusted.
Recommendation: Trigger short position at 1.32250
Target Area: Open
Stop Loss: 1.33500