the price has surely broken below a major daily structure support level.
now we will expect a further decline to the next major levels: 1.20 level is 2019's structure low and I truly believe that it is the current goal for sellers. 1.19 level is 2016's structure low after brexit referendum/
pay close attention to these levels next week.
concerning trading recommendations, it is definitely too late to jump in. the impulse is missed and it is very risky to short on current prices. look for a pullback to a yesterday's broken structure to short.
good luck and have a great weekend!
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Gooday Vasily! I've been following you for quiet some months now as you see the charts almost the i way see it especially your trendlines. As a swing trader that i am, prior to now i do my TL analysis from W1 to D1 then i use H4 for my entry. Buh recently, ive been testing using H1 for entry as i place my trades after the way the candle closes.
Since you are a swing trader too, i want to ask how do you cope while taking instant execution on the 1 Hr TF? Do you keep watching your charts for as long as your entry tarries on H1 seeing that each candle closes within an hour interval?? If yes?? How do you do it?? If No?? What do you recommend. Cheers!!!