This is what i'm expecting on this pair. Weekly timeframe is close to overbought with double top, so room for more upside would be an upset for me. Of course that is bound to happen sometimes, but my goal is to aim at profitable trade (good RR) with good chance of happening.
On this case, on daily this is less obvious because we will be touching the BB on TMS, with a good probability for pullback.
In order to catch this move, I recommend to open a limit sell closer to 1.93 in order to improve RR.
Trade with your own diligence,
GL HF
On this case, on daily this is less obvious because we will be touching the BB on TMS, with a good probability for pullback.
In order to catch this move, I recommend to open a limit sell closer to 1.93 in order to improve RR.
Trade with your own diligence,
GL HF
Trade closed: stop reached
Damn that spike! SL hit.
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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.