Are you already on this trade? Or will try to take a pullback?
Let me know what you think, will it make all the way up to the resistance before falling, or will just fall?
I'm In with 2 sell limits risking same amount. Will it be triggered? Lets see. Take profits and Stop losses can be changed, if I do so, I will update here on the chart, so if you are going to take this trade with me, like to see the updates.
Analysis on the chart, feel free to post your opinion!
Will you jump in into this opportunity? Or will wait to watch what happens and take a pullback?
Usually I don't follow this pair, but my friend Piphunters published this setup today and I agree with him, now Im already on the trade!
As I posted before, this would be a good short opportunity, my sell limit was triggered today 0.6835 (I was updating everyday to coincide with the trendline level at daily chart ) Previous post:
My sell limit order is at 1.0823, let's see if it will be trigger.
Explanation is on the chart, but just to formalize: Nice area of confluence, there is a monthly trendline, a great support area, to reinforce the view, stochastic getting of oversold territory, great setup to buy!