I will be simple now, purposly. I don't use fussy chart, because 1,20 is a key level. It is clear.
End of the August was the price here, and now it again.
This level is resistance.
But.
Main trend is dollar weakening on fundamental still and I don't see trend reversal, this is why the risk is higher.
In my opinion, if you can try to short from 1,20, you have to think for a short time.
And never forget:)
- the trend is your friend, because prices move in trends
- the history repeats itself, so don't predict but try to find levels where some event happened before
- prices include everything
Be patient, be careful!
If you like my view, like and follow me:)
End of the August was the price here, and now it again.
This level is resistance.
But.
Main trend is dollar weakening on fundamental still and I don't see trend reversal, this is why the risk is higher.
In my opinion, if you can try to short from 1,20, you have to think for a short time.
And never forget:)
- the trend is your friend, because prices move in trends
- the history repeats itself, so don't predict but try to find levels where some event happened before
- prices include everything
Be patient, be careful!
If you like my view, like and follow me:)
Trade active:
1,20 open short and stop 1,20 , zero risk, recently 1,1960
Trade closed: target reached:
50 pip close it was a good quick trade:)
or take a stop, for example 1,1975
or take a stop, for example 1,1975