If you like trading against the main trends, probably you will get oppotunity to do this again. Price is bouncing from Up Bollinger Band, now we are waiting for confirmation from indicators MACD (H), RSI and for perfect signal we need to wait till ADX will start falling. Also, we are waiting for bearish divergence which will be, if price keeps falling. After that we'll get clear signal for SHORT trades with Stop Loss above the high 1.1440 and Targets on 1.1235 and 1.1125.
If you like it - open short trades, but please note following: you may open only short term trades using 5, 15 minutes charts. If you are trading based on daily charts, it's better to stay away from this market. Weekly chart shows up trend and long term short trades could be unprofitable. It's much better to wait for new signal, when price reversals in the direction of the main trend.
If you like it - open short trades, but please note following: you may open only short term trades using 5, 15 minutes charts. If you are trading based on daily charts, it's better to stay away from this market. Weekly chart shows up trend and long term short trades could be unprofitable. It's much better to wait for new signal, when price reversals in the direction of the main trend.
Trade closed: target reached
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