We see a very strong resistance at current level. The price has to complete another wave downwards before breaking the resistance - We short this pair at current level and book profits @ 86.50 and than 85.20 which was our target in earlier charts. (Buy low, sell high)
Note
Break of flag will land the price to 85.80, 85.60, 85.20Note
This pair is testing my patience. Trade active
Sell at 87 and book profit at 86.50 and 85.80 Trade active
Heading towards targetTrade closed: target reached
200 Pips Profit. A good study and test of patience
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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.