Reversal is expected from current level. If price is failed to reach grey 2.1 marker at 1.1335, then further decline will be expected. Thus, we'll have an opportunity to place our sell stop order at 1.1205. For now I placed buy stop at 1.1335 SL 1.1205 to follow basic scenario.
Hold your short position unchanged. We need to see blue and grey TW recovery growth to shift SLs.
Correction recovery is in process. Out of trading for this week and place sell stop order at 1.3000 from Monday.
Wait for price reaches confirmation levels at 1.1335 and 1.1435 where buy stop orders is to be placed.
Look for dynamic upward reversal. Buy stop 11270 SL 1.1235 (brown TW); buy stop 1.1290 SL 1.1235 (green TW).
Currently we have two sell stop setups in work to trade green and brown TW: sell stop 1.3160 SL 1.3270 and sell stop 1.3140 SL 1.3220. Enter and, then, shift SL for your deals.
Still waiting for price drop to 1.3000 and 1.2960 at least. Until that a new high is possible which has to be considered as another sell stop setup. For now sell stop orders are place at mentioned levels.
Still wait for reversal to make our sell stop orders work: sell stop 1.3000 SL 1.3390; sell stop 1.2950 SL 1.3390
Slight rise is expected. Yet, we're looking for sell stop setups. There is the only one at this time-frame: sell stop 1.3155 SL 1.3165
Though one more minimum is still possible, we need to look for buy stop setups. For now there are two of them to trade green and brown TW respectively: buy stop 1.1335 SL 1.1240; buy stop 1.1290 SL 1.1245
Reversal upward is getting more probable each next hour. To support it price need to reach a number of level at which we may place buy stop orders: Buy stop 1.1330 SL 1.1240; Buy stop 1.1450 SL 1.1170
Further drop to 1.1230-1.1260 range is expected. Yet, after that dynamic growth ought to be continued. Neutral position, just wait for buy stop setups.
Short-term rise is expected for coming night. I wouldn't trade it as sharp reversal down may occur at any time.
Price continues to move bitween crucial levels not achieving any one. We need to wait sell stop at 1.2960 SL 1.3380.
Being above 1.3155 we have to act within rising green and brown waves. Green TW is not allowed to trade. However, we may place buy stop order at M5 at 1.3260 SL 1.3200. Thus, trend at this time-frame is still upward but might be reversed down at any time.
To support decline scenario price needs to drop below 1.2970 and, more important, below 1.2760. Stay bearish, hold current position, and sell additional orders I mark within intraday analysis.
We've got preliminary signal of price reversal to 1.2560 and above. Though to support it price need to reach 1.1600 at least. Further decline means green 2.1 marker at weekly chart is still not in place and price will probably fall to 1.0500-1.0600 prior reversal to 1.2600. Any way coming week will clear it out. Still bullish at this time-frame. To trade in long...
Expected downward correction is in process. I have to consider it as correction until 1.1170.