H1 chart
Good thing I moved my stoploss at the 38% of the fibonacci retracement before I went to sleep.
The reason I moved my stoploss is because I noticed that the price is forming a symmetrical triangle. I was thinking that if the price will continue to go downward, the top side of the triangle is a good position for the stoploss to secure some profit.
Now that the price rose about 20 pips above the 38% of the daily fibonnaci (my chart here), I'm still thinking that this is just a fakeout and the price will continue to go lower. But if the price breaks the level of the consolidation yesterday then I might set a buy entry.
My gain in this trade is 134.9 pips profit.
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