I am taking a short with a trailing SL.
The reason is that it is already in a downtrend and 20 sma will cross 50 sma soon. 20 sma also touched the candles from 11 January 2019 and all of them closed beneath the 20 sma line, indicating a further down.
TP is around 1.64563. It might go lower to 1.63790. Remember that I have a reasonable trailing SL which I figure will stop it out around there.
If it goes wrong, I will have a good laugh and try again
Please DO NOT take this as trading advice. I am just airing my view. All comments are welcome
The reason is that it is already in a downtrend and 20 sma will cross 50 sma soon. 20 sma also touched the candles from 11 January 2019 and all of them closed beneath the 20 sma line, indicating a further down.
TP is around 1.64563. It might go lower to 1.63790. Remember that I have a reasonable trailing SL which I figure will stop it out around there.
If it goes wrong, I will have a good laugh and try again
Please DO NOT take this as trading advice. I am just airing my view. All comments are welcome
Note
Not going to happen. There was a very nice bounce from the support
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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.