Reasons:
1. Both H1 and H4 shows pullback demand
2. Trend is absolutely downward based on both fundamental and technical statements
3. Multiple resistance near 1.13550 area: 200 MA, trend line and horizontal resistance
Entry: 1.13400-1.13550
TP: 1.29000-1.28000
SL: 1.13700
1. Both H1 and H4 shows pullback demand
2. Trend is absolutely downward based on both fundamental and technical statements
3. Multiple resistance near 1.13550 area: 200 MA, trend line and horizontal resistance
Entry: 1.13400-1.13550
TP: 1.29000-1.28000
SL: 1.13700
Comment:
entry zone is also Fibo 38.2%-50% (1.14430-1.12690)
Comment:
Watch for 1.13230 resistance level. If this candle closes under it, we may sell to 1.12600
Comment:
Trade active:
Entered short near 1.13550
Trade closed manually:
I manually closed this trade just to be safe. Look for a new chance to re-open position.