This pair is starting a strong long term decline. Right now price closed below the strong level 1.500 and is bouncing from it. Next targets would be the S/R levels shown on chart. Best regards.
*****************DISCLAMER******************************************************************** This is just and idea, not a recommendation to buy or sell. Always do your own analysis and plan before opening a trade. Any respectful and constructive ideas are welcome (agree or disagree).
Comments
BLKS
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i agree with you, but i am in long now. Targeting 0.382 after potential cypher completed sharply and will look for short around retracement at 0.382 , 0.5 or 0.618.
BLKS
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In H1 chart i am also assuming a potential cypher to be form as well
NaitBINARYNait
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S/R levels???
ArAlshammary
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hi
the MA 50 and 200 is at 1.47 weekly and monthly
FullTimeTrader
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Yes, 1.47 could be a good area to take some profits and move SL to BE, managing the trade depends on each trader. regards.
Mughal2657
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yep fully agree with you as candle is showing big rejection from resistance and a big continuation sign