Seeing price at a significant key level that price has strongly rejected from before. Showing deceleration in momentum as a good sign of a lot of selling pressure available here.
First entry already taken at 0.91835, Second entry placed at 0.92, another key level and round number.
Double hedge Placed just above the second entry at 0.9217
Both targets at 0.9125.
60 pips profit if only the single position Reaches target
50 Pips max risk, 140 pip max reward if both positions are triggered.
First entry already taken at 0.91835, Second entry placed at 0.92, another key level and round number.
Double hedge Placed just above the second entry at 0.9217
Both targets at 0.9125.
60 pips profit if only the single position Reaches target
50 Pips max risk, 140 pip max reward if both positions are triggered.
Trade active
Current idea is active, with first entry at 0.91835Note
Both entries are active, going to reduce target profit to the next support below at 0/9165 to try and close before end of the weekTrade closed manually
Trade Flattened at a small loss, will retry next week with some fresh analysis
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.