We tested and confirmed a descending trend on the monthly timeframe. As our weekly leg rejected the 127% fib which coincided without TL we can look for a break in the counter-trend for shorting opportunities. Based on your trading style you have three opportunities presented. However, with a strategic manual trailing stop, you can collect a lot of pips as the pair historically makes a rapid fall once the counter-trend is broken.
Good luck traders. Make sure that your trading conditions are satisfied prior to enter.
Good luck traders. Make sure that your trading conditions are satisfied prior to enter.
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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.