Possible short on this pair. Here's why...
I would take a small position before sizing into it any further. Just to see what it does. Let's keep watch on this.
- Bearish 200-EMA
- Bearish divergence in this trading period
- MFI is recording lower high's signaling a reversal
- counter-trend is broken
I would take a small position before sizing into it any further. Just to see what it does. Let's keep watch on this.
Trade closed: target reached
I'm out of this trade, what a blast. I sized into two total positions. -My first position I entered in at 1.22187 and out at 1.21760 for 42.7 pips
-My 2nd position I was in at 1.22063 and out at 1.21760 for 30.3 pips
I manually exited this trade, I didn't feel like holding it over the weekend, and I'm just fine with banking over 70 pips! on to the next one.
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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.