I drew up this support line, based on the lows, its good stuff, tight stop loss ($.01 or so) next support is 80 pips away
Note
Broke 1.51 support, let her runNote
Keep an eye on that trend line
Note
It’s very oversold on the hourly chart, I sold 70% of my position, will hop back in after a small rallyNote
Still waiting...Note
Getting back in slowly, looks like it doesn't even have enough juice for a 50 pip rally, Euro is struggling, news on Friday might affect the pairNote
Everyone back in the pool! PT $1.505 for now
Trade closed: target reached
PT reached a couple days ago, forgot to update it here. I still see potential for another breakdown towards 1.49.
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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.