Expecting a correction from here: confluence of 61,8% retracement of the uptrend since March and 1.272 extension of the last wave up from the end of April, together with the test of the uptrend line since December the 3rd and support level which has played its role previously.
The target is the zone of 0.618 which is in a tough resistance area. SL means the break of the trend line.
The target is the zone of 0.618 which is in a tough resistance area. SL means the break of the trend line.
Trade active
Trade closed manually
Closed it at 1.11753 from 1.11289, as it looks like another top, price reached upper BB and resistance of downtrend line, Waiting to reenter lower.
Trade active
Trade closed manually
Closed long for now, showing signsof weajness 1 hour before ECB conference.Note
Trade active
Relonged this 1h candle at 0.618 retracement, SL under previous lowNote
Trade closed manually
London session over, 4 more hours before the weekly close and bseides that, looks like a hard region now. Will wait for correction beginning with Monday to enter for the final part of this wave.
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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.