Hi Traders,
Price has broken through the channel, which had previously formed a double top. Price seems to be retracing at the 200 moving average which opens up to thinking it may test the bottom of the channel. If this is so entry will be between 1.18625-1.18556. However, if price pushes past our 200MA we will look to enter beneath at 1.18280-1.18185.
SHORT TRADE SIGNAL
Entry Zone - $1.18625-1.18556
Stop Loss - $1.18707
Take Profit - $1.17517
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Price has broken through the channel, which had previously formed a double top. Price seems to be retracing at the 200 moving average which opens up to thinking it may test the bottom of the channel. If this is so entry will be between 1.18625-1.18556. However, if price pushes past our 200MA we will look to enter beneath at 1.18280-1.18185.
SHORT TRADE SIGNAL
Entry Zone - $1.18625-1.18556
Stop Loss - $1.18707
Take Profit - $1.17517
If you like the content, then please like and follow!
Note
CLOSE TRADE AT BREAKEVEN
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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.
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.