A great setup here. After a huge upside rally, we finally SAW
1) The price can't hold over 0.8990 region - and we made a false break to the upside
2) H4 trendline was broken and it's resistance now, so maximum we could test it and I see only one direction here after that - DOWN...
3) Wouldn't recommend any shorts before the weekends, guys....but it's up to you! Anyway - I would execute the deal only with stop order here. The other option here, it's to wait for the beginning of the new week, wait for a correction and then you can enter that trade
TP1 0.8925 - will fix some amount here
TP2 0.8650
1) The price can't hold over 0.8990 region - and we made a false break to the upside
2) H4 trendline was broken and it's resistance now, so maximum we could test it and I see only one direction here after that - DOWN...
3) Wouldn't recommend any shorts before the weekends, guys....but it's up to you! Anyway - I would execute the deal only with stop order here. The other option here, it's to wait for the beginning of the new week, wait for a correction and then you can enter that trade
TP1 0.8925 - will fix some amount here
TP2 0.8650
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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.