Long term trade, but given we have +ve swaps on shorts, this should work out fine.
Chart is self explanatory, combined with RSI divergence. Target of 1.31386 is the minimum objective. Expect a decline further.
Ideal trade plan would be to open 4 positions at entry, targeting 100, 127.2 and 161.8 Fib levels and the final position to be trailed with an open target towards 1.23.
So far --------------------- Week 2: Fx: 354Pips profits Gold: 15 points loss
Week 3: USDJPY: +290 Pips AUDUSD: +72 Pips
Week 4/Week 5: None Week 6: -42 Pips
ความคิดเห็น
RayyanAljohani
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Perfect. Don't you think now it's in ABCD on Daily
justatrader
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Yes, it sure is. But there's quite a bit of resistance near 1.4068 and 1.396. Given the downtrend, it would ideally be a location to form a new lower high. Only a break and retest of the level for support would see a shift in sentiment.