The price is approaching levels suitable for taking short positions. Yearly Pivot/Resistance 1 is right above 1.6210 and it's just a few pips above the target of the large AB=CD structure.
Entry level = 1.6210;
Target 1 = 1.60 (round number);
Target 2 = 1.5910 (50% retracement level)
Stop Loss = 1.6270.
Good night and good luck.
Entry level = 1.6210;
Target 1 = 1.60 (round number);
Target 2 = 1.5910 (50% retracement level)
Stop Loss = 1.6270.
Good night and good luck.
Note
AB=CD has been completed, both 1.62 and previous top taken. Entry level missed by just a few pips. We'll see. In the next two days a lot of economic data are expected to be released.Trade active
Note
We're in good profit at the moment, if you don't want to risk your money you can close positions manually now or move SL a few pips below entry level, but I expect one more impulse above 1.62 tomorrow. Good luck.Trade closed: stop reached
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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.