This is a good zone to get involved in a shorting opportunity as soon as the Daily does not close above 129.50 As I enter on the Violation of the 1H Trend I have a Entry Stop Order below the Higher Low of the last swing.
If the 1H makes a new Higher Swing then my entry will be placed under the next Higher Low.
My first Target will be a re-test of the previous Daily-Low @ 125.209 My Second Target will be an Extension around the 123 levels
Don't follow my trade blindly, follow the rules of your trading plan, if you don't have one: DO NOT TRADE!
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The Pair made a new Higher High & Higher Close so the Entry was not placed at the last LH @ 128.692 Stop-Loss will still be defined by the new HH as soon as it completes
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(Ignore last comment) The Pair made a new Higher High & Higher Close so the Entry was moved to the last Lower High @ 128.692 Stop-Loss will still be defined by the new Higher High as soon as it completes.