This is the medium-term trade. The price reached the local resistance at 1.10650 level. The market looks oversold, and if the price breaks the uptrend line, it will be a sell opportunity.
Entry Point: below 1.10535 Stop Loss: above 1.10700 Take Profit: at 1.10200
Risk per trade must be 1% of your capital size.
Comment
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if the price moves above 1.10700, this trade won't be workable. We will have to search for new trading opportunities.
Comment
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The pending orders for sell were not activated. We should search for other trading opportunities.
Hi, Dmitry! Too easy)) just in case - there is a stronger bearish case. Although, quite unrealistic at this moment
Dave-FX-Hunter
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Nice analysis check my view and my othere new analysis on my page. Thanks
DLavrov
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@DaweFXHunter, cool! thanks for sharing!
prince125700
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trend line break can we enter ??
DLavrov
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@prince125700, did the price reached the entry point? no - why do we sell in this case? Wait.
Noldo
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I' ll look short too , after my analysis reaches target or stoploss , regards .
DLavrov
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@Noldo, the market does not look solid bearish from the daily timeframe. I would like to say that buy trades also could be. I just try to catch the pull back.
Thanks for sharing your idea!
Noldo
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@DLavrov, Thank you very much, it seems to me that the fall of the VIX was good, but it was too much.
This made my reservation.
I am a follower of your ideas and I look forward to new ones.
Greetings sir !
DLavrov
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@Noldo, thanks for following!
Good luck with your trades!