The two solid red lines are Target 1 @144.34 and Target 2@ 143.60.
Note
SL above 145.44, intra day signals are bit mixed up right so this stop should tight enough IMHO. Failing this sell setup will target 146.25-146.67 area initially.Bias is currently changing to near term bull, this will obviously negate the Head and many Shoulders initiated but STOP and Reverse scenario, failed H&S will apply.
Trade closed: target reached
1st TP to te downside was met with SL still intact despite te mixed signals, also the bullish target was achieved at 146.22. On a general note i see price coming back down to the 144.90 area but further up, but it goes more up before downside then it could become very bearish especially if price breaks below 143.00Note
1st TP to the downside was met @ 144.35 and some 20pips shy of 2nd target, all this while the SL was still intact despite the mixed signals, also the bullish target was achieved at 146.22. On a general note i see price coming back down to the 144.90 area before further up, but if it goes more up before downside then it could become very bearish especially if price breaks below 143.00.More analysis to follow..
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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.