Price reached a new high in the last two years, just one day after the last new high. It is very far away from its short-term ascending support line, not to mention its long-term ascending support line. I expect it to at least fall to its temporary ascending support line which creates a good shorting opportunity. If by some miracle it decides to break this support line down to the next one, we're into some serious dalla dalla. There is a very small chance that it might get pushed higher again, that's why the stop-loss is quite high on this one, so patience is key!
Note
ENTER: 1.20601-1.20779LEVERAGE: 150 (you can go higher if you're made of steel)
STOP LOSS: 1.2106
!!Only fools play without a stop loss
EXIT: 1.96
Note
Didn't get a chance to update it in time. If it reached 22:00 BST, exit as the market is closed over the weekend. Staying in over the weekend is a bit of a risk as nobody knows what will happen on Monday.
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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.