We will try to short it again.
Trade active:
SL was moved to 1.23400
Comment:
1.23000 (1.22900) - critical support (resistance) on H4 and Daily timeframes. We could see 1.22400, if the support will be broken.
Comment:
The support at 1.23000 is really working :) The price has touched twice (5 min timeframe) and bounced off again. It doesnt looks like reversal, but if you are following that idea and do not want to risk, move your SL at BREAKEVEN or little higher of red Downtrend line.
Comment:
The price have retested a downtrend line and pull backed to the main support again. And now we are siting at 1.23 support...
Comment:
As you can see the price has jumped a lot of time between the downtrend line and 1.23 area of support.
At that moment we have a breakout. Now we can move our SL to 1.23050-1.23100 to limit on some profit if the price will pull back again (if it will be a fake breakout).
At that moment we have a breakout. Now we can move our SL to 1.23050-1.23100 to limit on some profit if the price will pull back again (if it will be a fake breakout).
Trade closed manually:
Short was closed at 1.23050 with half profit. Ofc, i can leave the trade open to tomorrow, but in Friday a lot of countries have a non trading day. Markets will be closed in theese countries, so i expect trading tommorow will be so boring...
If the someone has followed that idea, you can decide for you, close that short or leave it opened. Good luck to everyone and have a nice weekend!
If the someone has followed that idea, you can decide for you, close that short or leave it opened. Good luck to everyone and have a nice weekend!
Trade closed: target reached:
SL at 1.23050 reached. Trade closed with half profit.