...H&S. We moved below the support line. I stay short until the ECB shows any signal to move away from QE & to adjust interest rates. The indicated S&R zones are good entry points or exit points in order to trade any legs.
This is not an Investment advise this is just my personal opinion.
This is not an Investment advise this is just my personal opinion.
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Nice move so far… Keep in mind, this is just the big picture and I trade the different level separately. So pls. take some profit at the different indicated zones and expect some pulbacks. e.g. 1.1320 is a good level to take some profit. If the pullback occurs rebuy at the upper zone and sell partially again at the lower zone. I am not going to update each pullback just the final TP. Please perceive this trading idea more like an kick-off/call for short idea. Anyway, you will find hundreds of similiar ideas from other traders indicating more or less the same zone/same TP.
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As written above, pullback was triggered exactly a the lower end of the PRZ. Cheers...
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Retest of the neckline and short again...
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Important threshold 1.15