Do you like to play with fire?
Updated
A high risk movement, although it seems to me that going short at this level is quite risky there is a possibility of success.
It seems to me that there is a good chance of touch the level of 11.18 near the 16th of March, or even the historic minimums. But, why does it seem high risk ?. Because we are too close to historical minimums and if that were not enough, at this moment the price is sitting on the R & S, which is usually a very good support, and could cause the price to bounce from here.
In case the movement was correct there is a very high chance of a rebound after touching 11.18 and not retesting the historical minimum.
This is what I see in the chart, and obviously I'm not giving any kind of advice, just sharing what I think ... let's see how it develops.
It seems to me that there is a good chance of touch the level of 11.18 near the 16th of March, or even the historic minimums. But, why does it seem high risk ?. Because we are too close to historical minimums and if that were not enough, at this moment the price is sitting on the R & S, which is usually a very good support, and could cause the price to bounce from here.
In case the movement was correct there is a very high chance of a rebound after touching 11.18 and not retesting the historical minimum.
This is what I see in the chart, and obviously I'm not giving any kind of advice, just sharing what I think ... let's see how it develops.
Comment
Target effectively touched.Trade closed: target reached
10.40 is likely, but I'm going to stick to the planRelated publications
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.