Hey guys, I'm looking for a short because its clearly downtrend which is I refer in the bigger time frame. Strong reason why is, on the (2016-06-13) which is the price on last week as you can see on the Weekly time frame already engulf the price on the date (2013-02-25). So it Might Be looking for a new low on (2012-10-01) lowest price. I also support my analysis with the trendline on Monthly. My pending order is at 119.315 my stop-loss is at 119.815 and I will take profit at 100.829. I risk only 50 pips in my position and the risk reward ratio is about 36.97
IF hit stop-loss, I counter it back for a long position scalping until 121.600 and my stop-loss also same as usual 50pips only. By the way I'm waiting for a new position for a short at price level 121.666 and my stop-loss same as 50pips and my take profit still same on my first entry which is at 100.829.
IF hit stop-loss, I counter it back for a long position scalping until 121.600 and my stop-loss also same as usual 50pips only. By the way I'm waiting for a new position for a short at price level 121.666 and my stop-loss same as 50pips and my take profit still same on my first entry which is at 100.829.