Shorts Below 1.0795

I think the price is going down. Price failed to sustain presence over our marked daily resistance zone at 1.0795.


Price targets: (Support Zones) 1.0642 & 1.0495 in extension.
Situation: Short at 1.0789
Stops on Entry: 1.0815.

Marked Daily Support Zones: 1.0714, 1.0642, 1.0578.
Marked Major Support: 1.0642ish

Recommendation: Take partials in target zones.

Bullish View: Price bounced out of a support zone at 1.0714.
Risk: A reversal with punishment.
Risk: Ranginess between 1.0829ish & 1.0754ish.

Trade Duration: Days not weeks.

Commento:

Correction:
Marked Major Support: 1.0495ish.

Trade chiuso manualmente:

Closed spot at 1.0806. Idea invalidated.

Commento:

Awaiting opportunity to re-execute short.

Ordine annullato:

The situation is over.

Commento:

Result: Loss
P&L: -17

Trade chiuso: stop raggiunto:

(Just trying to officially close this idea. Some booN boosted it! lol!)