According to the Fibonacci retracement tool, there will be a retracement up to between 0.8608 and 0.8623.
My Short trade idea is to catch the next leg down of this downtrend.
TRADE INPUTS:
ENTRY: 0.8608
STOP LOSS: 0.8630
TAKE PROFIT: 0.8560
RISK: 22 PIPS
REWARD: 48 PIPS
RISK:REWARD RATIO: 1:2.18
I have longer term analysis for this downtrend which I will also post. This trade is just to catch a shorter-term leg down.
My Short trade idea is to catch the next leg down of this downtrend.
TRADE INPUTS:
ENTRY: 0.8608
STOP LOSS: 0.8630
TAKE PROFIT: 0.8560
RISK: 22 PIPS
REWARD: 48 PIPS
RISK:REWARD RATIO: 1:2.18
I have longer term analysis for this downtrend which I will also post. This trade is just to catch a shorter-term leg down.
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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.