Trend is Bearish regarding daily analysis.
There is a broken zone around 1.2437
The zone was broken by an engulf which leads to a base and a DBD!
The first shorting chance was around 16th of Jun.
A new SR has been formed there
A minor SR could be find a little lower of around 1.2342 Markets may fill the stop hunt of it.
We see a compression in the bullish move and the zone may work again.
There might be some long option at the green zone nut enter them after a confirmation.
For having a risk managing strategy you need a evaluation of win% and average TP-to-SL, so trade regarding your own knowledge and experience so you can manage your experience and knowledge and use this post like an educational reference !
There is a broken zone around 1.2437
The zone was broken by an engulf which leads to a base and a DBD!
The first shorting chance was around 16th of Jun.
A new SR has been formed there
A minor SR could be find a little lower of around 1.2342 Markets may fill the stop hunt of it.
We see a compression in the bullish move and the zone may work again.
There might be some long option at the green zone nut enter them after a confirmation.
For having a risk managing strategy you need a evaluation of win% and average TP-to-SL, so trade regarding your own knowledge and experience so you can manage your experience and knowledge and use this post like an educational reference !
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