Weekly Chart:
A bearish candle as a confirmation candle.
Daily Chart:
Daily closed below key level 1.281 (The lowest point of the past 4 weeks)
Watch out:
1. Weekly demand zone @ 1.2453-1.258
2. Long term up-trend line from Sep 2012
Action
I am going to wait for price action to sell in short term.
A bearish candle as a confirmation candle.
Daily Chart:
Daily closed below key level 1.281 (The lowest point of the past 4 weeks)
Watch out:
1. Weekly demand zone @ 1.2453-1.258
2. Long term up-trend line from Sep 2012
Action
I am going to wait for price action to sell in short term.
Trade active
Sell order has been activated @ 1.281Note
Moved SL to protect profit. Note
Handsome profit but watch out for weekly demand zoneTrade closed: target reached
I closed my order with handsome profit. Let's wait and see reaction at Weekly demand zone @ 1.2453-1.258 before deciding the next move.
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.
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.