hello traders.as you see in 4hr a bearish candle closed under the last low and changed the trend direction.so in smaller time frame we wait for reason to open short position in the supply area.
.good luck
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Already short on this but it has retraced back to resistance and is now rejecting from here. More shorts can be entered with SL above the high of support and I have a target of 9.07100. There are a couple of support levels before the target which are shown on the chart, these can be used for short term profit taking and used with a swing trading strategy for lower risk.
Looking for a short on this. The support was broken and it is now retesting as resistance. Waiting for this to reject then can enter the short. Target is 9.32335, there may be some support at 9.40720 which could cause the price to rebound slightly but hopefully it will pass through this. There is also a longer term target at 9.07100.
After a close below daily support zone, I expect this pair to re-test the zone; and for the zone to hold as resistance before continuing downward. What's interesting is that the zone where the daily resistance (broken support) should be, has several confluences on the 4hr chart, that makes it a good zone to be looking at for an entry (all these confluences have...
usdchf seems to be the only pair bucking the trend. If the pair is rally so much when dollar is weak, what happens to it when dollar starts moving.
I would go long at that TL and a stop below the recent low and the horizontal support.
Target parity, its not too much to ask for is it. ?
