If you look at a 2 day or daily chart there is a giant bearish engulfing bar. Price is sitting a support area rate now.If it can break through this level I see it going to 1.2600
1.2620 is my final target. This will give me about 1:2 Risk to Reward.
TheLurkingVariable
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@Noname81, I think you can at least get near that if not get it. basically my indicators are saying it's due for a turnaround, but the price action is saying otherwise
TheLurkingVariable
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@Noname81, basically, the 1h wants to go down, it seems, but the 5m seems to be trying to get up...I'd say if it gets back above 1.2710, I personally would probably not remain long. But that's me
Noname81
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1.2830 was the break of the neckline. That is were I went short
TheLurkingVariable
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@Noname81, why didn't you get out when you were up?
TheLurkingVariable
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@Noname81, my bad, you are still currently up. Are you aiming for a particular number? I think it has one more leg down, and then I'd consider longing.