61.8% Fibonacci Pullback held a few months ago at 1.24656. Shorting then would have been perfect.
Since the trend is still in early stages, I will short now with these stop loss and take profit levels:
Take profit at 0.92344
Stop loss 1.1850 (see previous chart showing Inverted H&S forming. If 1.1850 level is hit, H&S would be formed and I would look to reverse and go long. But, this is very unlikely to happen at this point).
I will sell into rallies.
*Simply posting my trades, not advising anyone to follow.
Since the trend is still in early stages, I will short now with these stop loss and take profit levels:
Take profit at 0.92344
Stop loss 1.1850 (see previous chart showing Inverted H&S forming. If 1.1850 level is hit, H&S would be formed and I would look to reverse and go long. But, this is very unlikely to happen at this point).
I will sell into rallies.
*Simply posting my trades, not advising anyone to follow.
Trade active
Note
About to get pressure on 1.15
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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.