Shorts Below 1.0795
I think the price is going down. Price failed to sustain presence over our marked daily resistance zone at 1.0795.
Price targets: (Support Zones) 1.0642 & 1.0495 in extension.
Situation: Short at 1.0789
Stops on Entry: 1.0815.
Marked Daily Support Zones: 1.0714, 1.0642, 1.0578.
Marked Major Support: 1.0642ish
Recommendation: Take partials in target zones.
Bullish View: Price bounced out of a support zone at 1.0714.
Risk: A reversal with punishment.
Risk: Ranginess between 1.0829ish & 1.0754ish.
Trade Duration: Days not weeks.
Price targets: (Support Zones) 1.0642 & 1.0495 in extension.
Situation: Short at 1.0789
Stops on Entry: 1.0815.
Marked Daily Support Zones: 1.0714, 1.0642, 1.0578.
Marked Major Support: 1.0642ish
Recommendation: Take partials in target zones.
Bullish View: Price bounced out of a support zone at 1.0714.
Risk: A reversal with punishment.
Risk: Ranginess between 1.0829ish & 1.0754ish.
Trade Duration: Days not weeks.
Note
Correction:Marked Major Support: 1.0495ish.
Trade closed manually
Closed spot at 1.0806. Idea invalidated.Note
Awaiting opportunity to re-execute short.Order cancelled
The situation is over.Note
Result: LossP&L: -17
Trade closed: stop reached
(Just trying to officially close this idea. Some booN boosted it! lol!)
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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.