Hammer Top at Strong dotted resistance. 1hr and 4hr RSI extremely overbought, 1 day chart shows a Bearish RSI divergence. The dollar haemorrhaged hard today, bleeding should be over (I believe the rapid drop in the dollar screwed many people over including me)
Loose Stop at 1.327 Tight Stop at 1.305
TP: 1.127 or 1.1242 TP2 : 1.112 Long shot PT: Gap at 1.08
Good luck with this trade
A good strategy would be to always lower your stops when you have paper profits
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.