Good evening traders, I am looking at a potential new low resting besides 1.02317 before any strong retracements are made. The area 1.05117 is a good point for a breakout to the downside, however my tp is short because I am looking to sell the bounce off the ascending line. Once this retraces then I will only be looking to sell further into new lows in the upcoming weeks.
Entries: 1)1.05117- tp:1.04260 2)(selling off the bounce) 1.50141- tp:1.2317
Long term highs and lows to look out for are: Highs: 1.08692 Lows: 1.0076- 0.99487
CLOSING TRADES MANUALLY IF IN LOSS MOST LIKELY ABOVE 1.6035 NOT ADVICE, PLEASE BEWARE THIS MAY BE A FAILING TRADE
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sorry guys 1.0635*
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and 1.05141 & 1.02317
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first entry im in!
Trade active
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first entry tp: 1.0426
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that 1.6014 is such a key point for bulls because this shows we can go much higher a close above would mean we are going to test the 1.070s area, we've rejected this three times already looking for another retest upwards to see if bull momentum can push through.. im still in with a negative 40 or so odd pips, furthermore the next pivot area we will test is an estimation of 1.5034.. goodluck!
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1.5034 has been hit this is the time to test bullish real strength are we breaking upwards? or more to the downside find out soon!
Trade closed manually
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momentum is shaky, avoiding further losses. -30 pips. Time for a re-analysis