Reasons:
1. Both H1 and H4 shows pullback demand
2. Trend is absolutely downward based on both fundamental and technical statements
3. Multiple resistance near 1.13550 area: 200 MA, trend line and horizontal resistance
Entry: 1.13400-1.13550
TP: 1.29000-1.28000
SL: 1.13700
1. Both H1 and H4 shows pullback demand
2. Trend is absolutely downward based on both fundamental and technical statements
3. Multiple resistance near 1.13550 area: 200 MA, trend line and horizontal resistance
Entry: 1.13400-1.13550
TP: 1.29000-1.28000
SL: 1.13700
Note
entry zone is also Fibo 38.2%-50% (1.14430-1.12690)Note
Watch for 1.13230 resistance level. If this candle closes under it, we may sell to 1.12600Note
Trade active
Entered short near 1.13550Trade closed manually
I manually closed this trade just to be safe. Look for a new chance to re-open position.
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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.