Well i can see price has retraced but close to the high/ resistance.
-We have found support at around 1.08177.
-I think of the pattern as a bear trap for price to shoot up. Placing my stop at 1.08166 and tp 1at 1.08475.
-We can also see that a large number of retail traders are short; Retail traders are known to be countertrading most of the time.
-lets see how it goes.
-We have found support at around 1.08177.
-I think of the pattern as a bear trap for price to shoot up. Placing my stop at 1.08166 and tp 1at 1.08475.
-We can also see that a large number of retail traders are short; Retail traders are known to be countertrading most of the time.
-lets see how it goes.
Note
Take profit 1 hit.
Note
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.