EJ short
EJ is obviously in a long term down trend and in a consolidation phase and previously unable to break an hold strongly below 1.12.
it is now again approaching two downtrend lines. placing a small sell order close to most recent high and target 1.12 initially. if it breaks trhough there are potential further pips to be made. this initial trade has RR of 1:2.6
it is now again approaching two downtrend lines. placing a small sell order close to most recent high and target 1.12 initially. if it breaks trhough there are potential further pips to be made. this initial trade has RR of 1:2.6
Note
zoom in on 2hrly chart to determine entry on bearish confirmation - rejection, double top, overbought, etcOrder cancelled
wham, straight through that trendline... will be look at PA around 116.25 levels for a short back to the trendline around 115Note
that appeared to have been a false break out.... looking nice now. perhaps enter on a retracement....
Note
trading;0view.com/x/Js4qQw2O/plotting along nicely :)
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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.