Hello Traders,
I am taking a short on this pair because of the following technical reasons
A. It has hit a 50% retracement from the move downwards
B. it has broken the hourly trendline
C. If you are a key price action trader then you can immediate resistance at 2.18718
Entry
Looking for entry when a retest of the resistance ahead occurs from the bounce of the 21 day moving average around 2.18443 and 2.18718 area.
Target: support at the bottom at 2.17500.
Stop loss: 2.18993 or a tight one at 2.18446 (beware of shakeout) candles.
Enjoy the Experience
I am taking a short on this pair because of the following technical reasons
A. It has hit a 50% retracement from the move downwards
B. it has broken the hourly trendline
C. If you are a key price action trader then you can immediate resistance at 2.18718
Entry
Looking for entry when a retest of the resistance ahead occurs from the bounce of the 21 day moving average around 2.18443 and 2.18718 area.
Target: support at the bottom at 2.17500.
Stop loss: 2.18993 or a tight one at 2.18446 (beware of shakeout) candles.
Enjoy the Experience