With almost 80% bullish sentiment, this pair is a good candidate for shorting. I'm willing to short it from red area with marked targets.
Bear in mind that target timeline is not proportional - it can take up until April to reach the lowest one - if it will even continue to downside. If not, SL will solve the situation.
In case of downward continuation, SL can be adjusted accordingly.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Bear in mind that target timeline is not proportional - it can take up until April to reach the lowest one - if it will even continue to downside. If not, SL will solve the situation.
In case of downward continuation, SL can be adjusted accordingly.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Comment:
Too bad it just kept dropping .... I'll reconsider shorting it when (if) it will pullback to rectangle area.
Order cancelled:
I didn't catch this one, would be hell of a trade. Targets are reached much faster than I imagined.
