OP retested the highs of its current range and giving us some bearish pa for the time being. Looking to short towards 1.20$
Scaled in 3 positions between 1.45$ and 1.50$ (avg entry 1.46$). Tight stops resting above the current highs capping the market. Stops can be adjusted if deemed necessary and according to your risk.
Expecting us to drop in the FVG sitting around 1.40$.
IF we get a clean break and hold above 1.50$ I will look to reduce and close my positions.
Entry market (aggressive) / Entry below 1.46$ (conservative)
TP 1.40$
TP 1.35$
TP 1.20$
SL 1.54$ above current highs capping the market 1.54$
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice.
Scaled in 3 positions between 1.45$ and 1.50$ (avg entry 1.46$). Tight stops resting above the current highs capping the market. Stops can be adjusted if deemed necessary and according to your risk.
Expecting us to drop in the FVG sitting around 1.40$.
IF we get a clean break and hold above 1.50$ I will look to reduce and close my positions.
Entry market (aggressive) / Entry below 1.46$ (conservative)
TP 1.40$
TP 1.35$
TP 1.20$
SL 1.54$ above current highs capping the market 1.54$
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice.
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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.