Here are some key levels to watch for the coming five sessions:
Psychological Barrier, 1.0500
Last Week’s Low, 1.0482
April’s Low, 1.0470
If you’re trading this pair, it’s important to respect the downside of this market. A bearish breakout is possible beneath last week’s low and April’s low. The trading plan:
1) Sell 1.0481
2) Initial Stop Loss @ 1.0559
3) Profit target @ 1.0403, 1:1 risk vs reward
This is a short position trade with the trend. It may also be executed with a 1:2 risk vs reward.
Psychological Barrier, 1.0500
Last Week’s Low, 1.0482
April’s Low, 1.0470
If you’re trading this pair, it’s important to respect the downside of this market. A bearish breakout is possible beneath last week’s low and April’s low. The trading plan:
1) Sell 1.0481
2) Initial Stop Loss @ 1.0559
3) Profit target @ 1.0403, 1:1 risk vs reward
This is a short position trade with the trend. It may also be executed with a 1:2 risk vs reward.
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.
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.