The price is approaching levels suitable for taking short positions. Yearly Pivot/Resistance 1 is right above 1.6210 and it's just a few pips above the target of the large AB=CD structure.
Entry level = 1.6210;
Target 1 = 1.60 (round number);
Target 2 = 1.5910 (50% retracement level)
Stop Loss = 1.6270.
Good night and good luck.
Entry level = 1.6210;
Target 1 = 1.60 (round number);
Target 2 = 1.5910 (50% retracement level)
Stop Loss = 1.6270.
Good night and good luck.
Comment:
AB=CD has been completed, both 1.62 and previous top taken. Entry level missed by just a few pips. We'll see. In the next two days a lot of economic data are expected to be released.
Trade active
Comment:
We're in good profit at the moment, if you don't want to risk your money you can close positions manually now or move SL a few pips below entry level, but I expect one more impulse above 1.62 tomorrow. Good luck.
Trade closed: stop reached