- is between 118.60 and 118.90
- is between 117.25 and 117.40
The has lower highs and price is mostly below 20EMA (on 1d chart), so I would prefer to short in that range, close but not reverse the position near support and in case price falls below 117.25 wait for a pullback to reshort again
I place a limit short order at 118.55, Risk-Reward = 2.87
SL@ 118.95 (-40), TP@ 117.40 (+150)
Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.