Good morning traders! It is clear that we are not going to get the pullback that we were hoping for in the idea below to get short:
Furthermore we are quickly approaching strong institutional support at the 1.2302 figure. It is possible to see institutional buyers step in around the 123 figure to try to protect from further downside. At the very least we can expect an intraday bounce. If you get long near the figure use a 30-40 pip stop loss and look to get whatever you can on the profit side. Good luck!
Furthermore we are quickly approaching strong institutional support at the 1.2302 figure. It is possible to see institutional buyers step in around the 123 figure to try to protect from further downside. At the very least we can expect an intraday bounce. If you get long near the figure use a 30-40 pip stop loss and look to get whatever you can on the profit side. Good luck!
Trade closed manually:
Easily good for 60 pips so far... could go further.
