This is an high risk/reward short and if we made profit at our first tp we put our stop loss into profit. Also we are waiting for print new lower lows as confirmation for better short opportunities. In this case if we reach our 2 2 tp(new lower low) we looking for new short selling entries.
Short Selling Range between: 1.19103 - 1.18906
1 take profit target: 1.18212 (~ +0.68%) 2 take profit target: 1.17397 (~ +1.36%) 3 take profit target(longterm): 1.16425 (~ +2.19%)
stop loss: 1.19258 (~ -0.20%)
Monthly-Chart(red circle is our monthly rejection):
15M-Chart: We are above the VWAP Session(green circle/box) and never go long above the VWAP. This can also be a good take profit target for shorts or for long hedges as entry.
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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.