looking for Retracement!
Yeasterday the pair has had selling momentum
so we are in view to searching golden ratio of fibo of yesterday’s retracement ( selling retracement)
Levels to putting in!
Apparently we are looking 1.3102 levels which to us could be a good selling point for 1.3040/1.3030 region.
Taking into consideration of stop loss 1.3131.
If we’d break out the 1.0310 region
it might be go further up side towards1.3142/ 1.3156
for the day under consideration that is 18th of December, 2019.
Thin Trading setup!
Finally it has to be incalcated thin trding senario keeping in consideration long holidays ahead
thus put sl with strictness in order to avoid any abrupt move against your trade.
Have a happy trading!