Depending on the new weekly pivot points, shall the trendline break the price will likely target 1.1800 region. Shall this happen, then it would likely be just a consolidation move before the downtrend resumes again.
Shall the criteria meet, i will put the details of entry in the comment section.
Shall the criteria meet, i will put the details of entry in the comment section.
Note
WEEKLY PIVOT POINTS ARE SET FOR THIS WEEK. POTENTIAL TARGET IF TRENDLINES AND 4H EMA BREAKS IS THE R1 WEEKLY PIVOT
Trade active
ENTRY: 1.17340 OR BELOWSL: 1.16900
TP: 1.17790
RR: 1:1
Trade closed: target reached
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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.