Price has entered the inner range space between the 50 sma and the 100 sma
price may raise back up to the 50 sma.
There it can continue long and retest high @ 1.5353
Or bounce back below the 50 sma and continue to the 100 sma
Short trade
Sell Stop at 1.5210
Sell Take Profit at 1.5175
I will place SL above 50 sma
I will cancel short trade if price goes above 50 sma
price may raise back up to the 50 sma.
There it can continue long and retest high @ 1.5353
Or bounce back below the 50 sma and continue to the 100 sma
Short trade
Sell Stop at 1.5210
Sell Take Profit at 1.5175
I will place SL above 50 sma
I will cancel short trade if price goes above 50 sma
Note
Pair had strong bearish continuationPrice hit Sell Stop and Take Profit
Note
New 2nd Take Profit
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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.