There are two possible entries. 1) looks safer at the top of the supply area @83.00 and ride it down to TP 1 at 82.80 for 20 pips or 2) entry short will be at 82.70 The bottom of the supply area (resistance) and look for TP 1 at 82.50 for 20 pips ////// Spanish version: Hay dos entradas posibles. 1) parece más seguro en la parte superior del área de suministro @...
To find the entry, you must look at the 4h and locate the level after the bounce of the support and based on PA (candle formation) you enter long at about 122.55+/- If price Violates the support (DO NOT ENTER). AGAIN, ONLY ENTER THE TRADE IF PA is clear after its bounces.
JPY made a strong start yesterday night moving all related pairs, and the Euro is not the exception. Price will most likely continue to drop to the 4h 50% Fib line @ about 129.62 (you can probably have a short entry on 30 min chart at the resistance between 130.10 and 130.00 with TP @ about 129.65 ) Once it reaches this level, the 4h 50% retracement might be...
Short opportunity with a very strong downtrend. Wait for a small correction to 9.4449 to enter short. first TP is 6.0000 and second TP is 3.7194