This is my second try to short the pair close near the major resistance. SL 1.14106 , risk 1% entry 1.13956 TP 1.13508 or.... put SL at BE and let it run (take the potential weekly WW into account) ps1. Trailing stop loss strategy required for the maximum result. ps2. You can see also a 2618 setup! I'm leaving for vacations so I won't update the trade. Good...
SL>1.6815 , Risk<1% entry at 1.6751 TP=1.6560
I'm waiting for the pullback at 125.14~125.90, It could be a good idea buying that area targeting 133.36
SL<128.037 , risk 1% entry at market (128.45 for me) TP = 129.55
SL above 1.1377, risk <1% entry = 1.13482 TP = 1.12916
I'm looking for short setup bellow and close to TL. If the market penetrates the TL we must think obviously how to catch the Bulls. Remember that market doesn't respect our drawings. We just trying to spot areas of interest.
I do not have a sell setup at this time but I have in my mind two targets ...: 0.7207 and 0.7103 If the price goes above 0.7345 then this will invalidate this projection.
Entry = 111.80 SL below 111.612 , Risk 1% TP = 112.54
Wait for 1.3275 for ENTRY SL above 1.3308 , risk 1% (don't push your account) Target: 1.3050
Wait for the pullback at 1.1154 SL 1.1139 Risk 1% entry: 1.1154 Target: 1.1190
SL above 1.3377, risk 1% Entry 1.3336 (at market for me) Target: Open
SL below 1.32497, risk 1% entry 1.3270 TP 1.3331 For more conservative entry wait for the break above the entry and pull back
This is not a trade, it's only a thought what the market wants to do. I don't really expect the price action do exactly that path, I am doing this only for fun... :) Just in case, keep in mind the upper target at 125.65
I'm already in but the price remains close to my entry 1.4878 with attractive R/R SL above 1.4910 TP1 1.4783 TP2 1.4663 Take into account the hidden divergence. Risk<1%
SL above 1.4950 risk<1% sell at market (1.4888 for me) TP 1.4700
Buy at market (0.9673 for me) SL <0.9640 risk<1% Main target 0.9740