We are expecting to short this market. The question remains where to enter.
We are either expecting a rally to test the daily resistance level and the looking to short on the back of a Bearish candle formation around this area.
Or
The market is currently on a 4hr support area, if this breaks and closes below this level we are looking to short straight away back to 0.89749
We are either expecting a rally to test the daily resistance level and the looking to short on the back of a Bearish candle formation around this area.
Or
The market is currently on a 4hr support area, if this breaks and closes below this level we are looking to short straight away back to 0.89749
Trade closed: stop reached:
Market Spiked and triggered our short position. Only to reverse and hit our SL.
-41 Pips.
-41 Pips.
