intrading
When market opens I'll open sell order as it is shown in the picture. Hope there won't be any considerable gaps. *This information is for educational purposes only. I do not give any signals or force you to trade. All risks should be managed on your behalf.
On a Daily timeframe we can see a better perspective. I'll try to catch this move.
The first target is reached see the link below. Now it is expected to reach our next level of support which was resistance in the past if you look left. Someone wants to buy it for a cheaper price, it's a clear manipulation I think
There are some reasons to enter this trade and hold it over the weekends.
Possible trend following position.
If It is a crab then the price can plunge. But orders should be open when rsi closes below 70-80 levels.
If this is a bearish crab then we are supposed to sell this stuff. The first target is at 1.2110, the second is at 1.1960. Let's see how it will play out :)