Will this support hold?
Updated
Hello traders, I'm back from vacation and looking at my favorite Forex pair again!
Opened a small short position right above the support line which it seems to be fighting to stay above. Last time RSI was this low we had a nice bounce but could pull back even lower, which happened before too. My Forex trades based strickly on TA and no FA.
I've marked my short targets (T1 / T2), we'll see how this plays out.
New to the Forex market, so please feel free to comment as I'd love to hear what you have to say!
Opened a small short position right above the support line which it seems to be fighting to stay above. Last time RSI was this low we had a nice bounce but could pull back even lower, which happened before too. My Forex trades based strickly on TA and no FA.
I've marked my short targets (T1 / T2), we'll see how this plays out.
New to the Forex market, so please feel free to comment as I'd love to hear what you have to say!
Note
Well, that didn't take long, looks like it broke support as I made my post!Trade closed: stop reached
Closed my position at first target.Note
If you're still in this trade I'm seeing lower lows, good chance it could hit 2nd target!
- Falkor
"I pray to the liquidation gods daily"
"I pray to the liquidation gods daily"
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.