If price returns to 1.805, then I will consider shorting this pair. I will be waiting for bear candles on the daily time frame. Once I see a bear candle, I will move to the 1H time frame and place sell limit orders at previous market levels.
Note
Shorting could have began in March and ended in late April.Note
Roughly what entries and stops may look like. Each entry and corresponding stop loss are 1/4% of account deposit. Note
1H zoomed in for a bit more clarity.
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Related publications
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.