The price movements from 1.0980 are viewed as a corrective pattern for the preceding uptrend. While further upward movement cannot be ruled out, the rally appears to be capped by the break of the 1.0920 level, signaling a potential sell-off towards the target at 1.0768.
Therefore, we are opening a short position to target the mentioned objective as the next goal.
Therefore, we are opening a short position to target the mentioned objective as the next goal.
Trade closed manually:
We close manually in few profit. Price is in consolidation.
