Nice short setup in this pair, ahead of the ECB meeting on Wednesday.
Time at mode gives me a signal on the daily chart , so I'll look to take a short position after today's NY close.
Target is 0.966 initially but it can evolve into a larger move and hit 0.9180.
If you already took the short when I published, you can cover half or 70%, move stop to break even and let it move in your favor or against you with no risk.
An alternative is to move stop loss to break even and open a second short risking the profits from covering the trade partially. Another risk free move...
Well done mate.
Actually, i am not familiar with your charting setup. I know its a bar chart and stuff but what are all the other lines? Sorry for asking i just want to be clear since i would like to follow some of your trades.
horizontal s/r levels, and I give time and price targets, which if not reached, or reached too fast imply a reversal is pending...then just follow the bar to bar price action around these areas to reverse position, or scale in if trending.