Bearish continuation is highly possible due to a clear signs of a bearish accumulation.
The price has to break through the 1.1227 area with confirmation to confirm the continuation of a down movement, however I will look for shorting opportunities just before the start of European session.
Please refer to a chart for a clear picture and detail regarding stops.
The price has to break through the 1.1227 area with confirmation to confirm the continuation of a down movement, however I will look for shorting opportunities just before the start of European session.
Please refer to a chart for a clear picture and detail regarding stops.
Note
Video Link to this Idea: youtube.com/watch?v=Dr7zO92BCnc&feature=youtu.beTrade closed: stop reached
Stop loss has been hit, and no we have to wait for a confirmation of a breakout and go long, or if it is a false breakout, which is less likely.
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Related publications
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.