Entered into a short position this morning. My previous long idea hit the target, which is great. Looking at where we are, we have a strong resistance now at 1,37500 areas. I'd expect a small pull back into the 50 % Fib zone. You can see on the chart where I have set my TP and SL. There's more of a tighter stop loss with this trade.
It could possibly fall some more, however, if that was the case, I would move my SL for a risk-free trade and see how far it could drop. There's a bit of uncertainty, what with Covid cases in the UK, the vaccine etc.
It could possibly fall some more, however, if that was the case, I would move my SL for a risk-free trade and see how far it could drop. There's a bit of uncertainty, what with Covid cases in the UK, the vaccine etc.
Trade active
Looks like we're starting to see a break now to the downside. Let's hope we can hit the targetTrade closed: target reached
Hit target
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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.