Pair in downtrend. I can see possibility for rejection at two levels. If price is going to retest the broken support, ENTRY LINE 1 and SL 1 are valid. Personally Im prefering chance for this scenario (70%). But if not, price can go higher and ENTRY LINE 2 and SL 2 are valid(30%). Dont enter blindly at entry lines. Dont FOMO. In both case you HAVE to wait for rejection candles on 4H or 8H chart(alternatively 1H if you are brave enough). Price will go above the entry lines (false breakout). Just when it closes back under line or under the previous candle, open your position and set proper SL. SL are set from 1 ATR on daily. Please TP your position partially at upper TP line. There is a possibility that price will go up again from this level. I will update this idea when entry conditions are filled. If you follow me, you going to receive my message. This is not a financial advice. Good luck.
Note
ENTER now at current market price 1,04944.Note
Please TP 50%ˇ, there will be a pullback. Set SL to BE and let it run.
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
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.
Do not have 30K followers, do not have to share 15 trade a day, because you pay subscription, do not live from subscription, but sharing my knowledge trades and signals. For free. If you want to join, you are welcomed. t.me/+CE3Vdc5m72w4MjRk
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.