pandabulltrader

pandabulltrader

Target is 1.29295.

pandabulltrader

Possible entries towards target of 1270 based on descending trendline.

pandabulltrader

Possible to go short now with a stop loss above resistance. Target is 1.31348.

pandabulltrader

If this is a fake break, this is a nice opportunity to go short. Two potential entry points have been identified. 1. Price breaks below support and retests giving a short signal. 2. Price bounces off support and structure forms a head and shoulders pattern giving a short signal.

pandabulltrader

Huge resistance ahead which price has rejected several times. Formation of a doji candllestick further indicates price will bounce off this level once again.

pandabulltrader

Risk reward is over 1:5. Even more conservative traders may wish to place their stops just below the previous daily low.

pandabulltrader

Good opportunity to go short to see previous range retested. Low risk with stop loss above two previous daily candles. Target is high of previous range.