Previous trade hit my SL. Now after a bearish daily closure we have the retracement and a new opportunity to enter shorts from the 1.25 region. Targeting 1.2205 support, however, this has the potential go a lot lower. I expect to see some strenght in Dollar after days of weakness.
HNS pattern still in play. Forming the right shoulder with that huge bearish daily wick, it should have some power to push lower now. I think the touch of 1.2500 psychological region also plays a key role in the short trade now.
HNS pattern still in play. Forming the right shoulder with that huge bearish daily wick, it should have some power to push lower now. I think the touch of 1.2500 psychological region also plays a key role in the short trade now.
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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.