Yesterday plan to short was invalid so I closed the position.
Today let's play a safe trade. Will have to wait and see which side it choose. Then just follow the it.
But needs to be very careful on a false attempt. Need to set a quick TP1 in case it fools us and goes other way.
Case SHORT:
4H breaks the support at 1690
TP1 - 1680
TP2 - 1650
SL - 1695
Case...
Hi there, I'm a newby here trying to learn trading. So here is my first analysis.
It breaks a monthly trend line and the momentum is downward. So I guess it is a SHORT. This will be confirmed if in the next 4-8 hours it cannot retest at 1710.
TP1: 1680
TP2: 1650
SL: 1710
