Everything is pointing down on this pair and price opened below the previous day open and is only making a retracement now to previously broken support at 1.09. We may see a retracement up to 1.0915 just to continue from a higher selling point. 1.0844 is anticipated target with intermediary TP at 1.085. If SL is met at 1.0927 we may be heading for a bigger retracement towards 1.098-1.109. This is not a place to take longs yet as we are having just retracements.
Kommentera:
If 1.0844-1.085 is reached to before the US CPI report - I will take profit and switch to buy to wards 1.097 in anticipation of tomorrows' rise. The same will apply if we do not go down but hit 1.0927 first.
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Pivot point for today is 1.0872 and we we stay below it - a target hit is very likely.
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Moving SL to positive territory just above 1.0872, targets seem very close.
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Partial profits taken from sell at 1.0854 and one buy position started at that point.
Trade stängt: målet nått:
Final target of 1.0844 has been reached and I have my second buy position open now expecting for a rise as we are seeing RSI divergence on H4 chart and price is in oversold territory. Congratulations to all who sold at 1.0885