Price is currently at the 38.2 support (136.05 area) is showing a retracement signs, and is probably going to retrace towards 136.50, which is 38.2 resistance area, to continue it's down movement, following the higher grade timeframe, in this case 4H.
Aggressive trading - short buy with a mentioned target and a SL beyond the current low (in mind) and 1H ATR*3 - critical.
Conservative - wait till retracement complete, with a target at 135.20, stop loss above highs (in mind) 1H ATR*3 - critical
Have a good trading!!!
Aggressive trading - short buy with a mentioned target and a SL beyond the current low (in mind) and 1H ATR*3 - critical.
Conservative - wait till retracement complete, with a target at 135.20, stop loss above highs (in mind) 1H ATR*3 - critical
Have a good trading!!!
Note
video link - youtube.com/watch?v=r-Com0KYdf0
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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.
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.