Analysis: Price can be seen as extended can we can look to trade against the current trend. Since price is not over extended, risk adverse participants should only initiate a smaller position.
Short opportunity: Short at market reopening towards 0.98355 as Take Profit - 1 level
Short opportunity: Short at market reopening towards 0.98355 as Take Profit - 1 level
Note
TP1 reached. TP2 at 0.97564Trade closed: target reached
Trade closed fully at TP3.
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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.