Anyway, just wanted to share what I'll be looking out on this pair this coming week(s).
Price is currently trading at a monthly level of support and it will be interesting to see the candle close at the end of the month to see if we got a rebound (and potentially a longer term move to the 1,25 area) or a break below the for a potential longer term move down to the 1,05 area.
On the swing trading side of things, I'll be waiting for a short entry on the H4 at the weekly or a long entry (also H4) at the weekly and "ride the wave". (the black arrows)
On a shorter term perspective, price is in a daily range between the 1,1730's and the 1,1520's. I'll be looking for shorting or buying opportunities on the H1 or M30 for a retest of the opposite side of the daily range (the blue arrows; forgot to mark the "shorting" one). But IF price breaks above/below the daily range I'll be looking for buying/shorting opportunities for a retest of the weekly resistance/support level (the pink arrows).
Plan YOUR trades and trade YOUR plan!
Have a great week in the market.
Took a total of 5 trades on that pair for a total of -42 pips. Wrongly placed my stop on a short on wednesday which got me out on thursday for -94 pips but also made me miss the move that same day (left about 80 pips on that table) which would have made it a positive week on that pair instead of a negative one.
Nothing wrong with making mistakes as long as you learn from them and improve : fail your way to sucess !
Have a great week