Replies to post #138213 on Simple's Green Room

[pennies2007]

I'm showing closer to 0.7250 or so on that slanted trendline to also retest the previous resistance level that we broke through.

Basically, we need a minimum retrace on this last leg up to between the 61.8 and 71.6 fib on this 4 hour chart in order to reset the overbought conditions. So absolute minimum pullback is just below 0.73. That's where I'll close my short positions out.