I messed up the charts but the idea is there.
On daily (on the right), I anticipate a break of PAC and at least a pullback from a TDI perspective to RSI50 & MA.
On 4H, the PAC break has already happened but it is only now that we get below RSI 50 & MA.
So my point is that we shall see further breakdown on this pair.
On daily (on the right), I anticipate a break of PAC and at least a pullback from a TDI perspective to RSI50 & MA.
On 4H, the PAC break has already happened but it is only now that we get below RSI 50 & MA.
So my point is that we shall see further breakdown on this pair.
Comment:
We entered a bit too late on daily and have faced a logical throwback. 4h TF could indicate a bit more downside.
Comment:
I'm still mixed with this trade, so I put SL@BE and let it run.
On daily we can see a down trend starting, but 4H is entering oversold area.
As we are in this trade for a long time now, I'm not taking any risk nor taking some profit too soon. We avoid the SL so that's half bad.
As we are in this trade for a long time now, I'm not taking any risk nor taking some profit too soon. We avoid the SL so that's half bad.
Comment:
My TP1 is 121.6 and TP2 120.3.
Trade closed: stop reached:
SL@BE touched! Null trade.
Let's see.