Simple short here with price approaching the 38.2% fib of 1.2567 high to 1.2085 low, this fib also lines up with the 100HR MA. It's also previous support from April 15. To summarize:
- 38.2% fib at 1.2269
- 100hr MA at 1.2272
- 1.2270 area is previous support (april 15) and resistance (april 17)
entry: 1.2270
stop: 1.2350 (risk 80)
target: 1.2100 (win 170)
- 38.2% fib at 1.2269
- 100hr MA at 1.2272
- 1.2270 area is previous support (april 15) and resistance (april 17)
entry: 1.2270
stop: 1.2350 (risk 80)
target: 1.2100 (win 170)