IF we get a double top around 115.300 without a brake of the resistance level THEN
Go short to: 114.436 (STOP around 115.680) Risk / Reward 1.5
NEXT market can either get back to 112.730 and reverse back to 115.300
OR start his way back to 118.200
Based on the previous structure we have an outside return down to 0.5 fib.
Market should get back to 0.99464 and return around 0.98841.
At 0.98841 BUY (T/P 0.99906; Stop loss 0.98216)
Goal 1 - 0.99906 (Sell 1/2) and move stops to brake even (0.99464)
Goal 2 - 1.00787 (Close positions and wait for market to adjust, It might brake resistance and get new high)
Good Luck!
If price gets to 1.07544 then SHORT opportunity:
STOP: 1.07960
T/P: 1.06794
If price gets to .618, move stops to brake even and close half of the lot. Price might get to 1.618
Price should move to the "kill zone" before getting back to the previous support level at 1.41462.
It is a LONG opportunity to catch a ride on the bulls.
BUY now
stop loss: 1.41315
take profit 1.42774
I did start the trade a bit earlier before price jumped, so sitting on a profit already.
Happy Trading!
EUR / USD. Short opportunity for a few day run.
Based on the Weekly and Daily charts the obvious bearish move should continue.
Price bounced off the well established resistance level and should get to 2.168 retracement (take profit 1.01626). The safe level to take a profit that will be a temporary support as well at 1.618 (take a half profit 1.03641)
Good luck...
