Hello Traders,
I am taking a short on this pair because of the following technical reasons
A. It has hit a 50% retracement from the move downwards
B. it has broken the hourly trendline
C. If you are a key price action trader then you can immediate resistance at 2.18718
Entry
Looking for entry when a retest of the resistance ahead occurs from the bounce of the 21 day moving average around 2.18443 and 2.18718 area.
Target: support at the bottom at 2.17500.
Stop loss: 2.18993 or a tight one at 2.18446 (beware of shakeout) candles.
Enjoy the Experience
I am taking a short on this pair because of the following technical reasons
A. It has hit a 50% retracement from the move downwards
B. it has broken the hourly trendline
C. If you are a key price action trader then you can immediate resistance at 2.18718
Entry
Looking for entry when a retest of the resistance ahead occurs from the bounce of the 21 day moving average around 2.18443 and 2.18718 area.
Target: support at the bottom at 2.17500.
Stop loss: 2.18993 or a tight one at 2.18446 (beware of shakeout) candles.
Enjoy the Experience
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.