If you're brave enough you can try this SHORT setup. On monthly and overall, I see this pair as bullish but after the huge run we had last months, a healthy correction "should" arrive. However, as far as I remember, anything can happen in trading so this trade has a good RR, that's why I'm taking it. My plan is to take on TP1 and set SLbe quickly and target a quick TP2. TP3 and TP4 shall be for "bonus" trade.
As already said by a lot of good traders here in TV, mitigate your risk with % of your account, not taking absolute pips numbers.
Trade with you own diligence,
GL HF
As already said by a lot of good traders here in TV, mitigate your risk with % of your account, not taking absolute pips numbers.
Trade with you own diligence,
GL HF
Note
Closed 30%TP1, nice start.Trade closed: stop reached
SLbe hit!
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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.