I'm new trading Forex. Will the trend reverse to reach D? If so, what would be the target?
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Nobody knows this. But if it touches D then there'll be a good probability for price to start moving to the downside.
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I have buy @1.1400//please advice
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My advice is. Trade what your trading plan says.
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rit29 Alexander_Nikitin
That means no hope in near future.?
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This means trade only what is written in your trading plan.
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Nice short position to watch but time and price momentum are heavy for the south. If it gets to D certainly short. Probability estimates suggest it's going south fast on Monday before getting to D.
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Alexander_Nikitin Captain_Walker
Maybe). I don't know the probabilities before D is touched)
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Captain_Walker PRO Alexander_Nikitin
I do. ;) :)
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Captain_Walker PRO Alexander_Nikitin
To learn less avoid that below. ;)
(4H) EURUSD short.
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