just to let you know why i'm shorting this pair, price has reached a key structure level (blue line) and here it's formed a nice double top with RSI divergence.
Stops above the highs, target1 and 2 as displayed in the chart.
If you want to ask questions or share your view, comment below.
Otherwise, see you in the next chart!
Already short on trend following set up
Looking to take trade Cypher tomorrow. I am not a hughe fan of Limit orders during the asian session... What about your opinion on trading the Asian session by limit orders?
Price failed to stay below the green zone, which means that this support zone still keeps well. Aggressive traders could enter long based on the trendline; otherwise traders could look for long entries when price breaks yesterday's high.
I've listed these areas (red) which managed to keep testing the resistance line twice and has worked because price has immediately feel short and dropped quite a bit after each retest.
There is a lot of support as well which rallied the price up but I am confident that it will rally back down.
Looking to short this Sunday evening GMT.
Thank you guys and keep...
Looking to get in at 113.206, this price is beneath the recent lows, I'm looking for it to clear these out and then move on down to around the 106.860 area. I wont be discouraged if it takes a little while to get to that point, however I strongly feel it will get to that area and fill in the previous inefficient price movement.
Optimal Entry - 113.206
Chfjpy Trading around 114.55 where Rejecting above 115.5 level and in RSI also we can found divergence. If its hold below 117 level we can see its toward 108-110 soon.
Advice to sell in range of 114.55-116 SL above 117.5 TP 110
use small lot as its Risk Vs Rewards