Notes:
As long as the resistance at 1.11697 is not surpassed, the risk of a break below 1.11345 remains high.
Target is set at the vicinity of 1.10000. (The projected TP level.)
Stop-loss level is set slightly above the strong resistance level of the 26-Period EMA (dark maroon color).
Caution: Watch out for further upsides (which should be limited if any).
Alternatively, you can wait for price (which might) retrace to 1.11697 (26-Period EMA) to enter Short, or you can enter at current level with a smaller lot size 1st... (Have your strategy...)
Best regards.
As long as the resistance at 1.11697 is not surpassed, the risk of a break below 1.11345 remains high.
Target is set at the vicinity of 1.10000. (The projected TP level.)
Stop-loss level is set slightly above the strong resistance level of the 26-Period EMA (dark maroon color).
Caution: Watch out for further upsides (which should be limited if any).
Alternatively, you can wait for price (which might) retrace to 1.11697 (26-Period EMA) to enter Short, or you can enter at current level with a smaller lot size 1st... (Have your strategy...)
Best regards.
