4H chart update: both support level:$1.169 & resistance$1.79, are crucial. watch carefully on these two level, the trending still up, only problem is the entry. we can use risk management to help trading in this situation.
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4H chart update: it's still at resistant level now, likely will see some retracement in short term, if holds by support level 1.1745 or trendline, will go north. if go down to test the support level 1.169 again, will possible retrace more dip.
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now back to bearish trending in short term, $1.169 possible will be broken out
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4H chart update: It's very close the support level now, can prepare to buy. Strategy for day trade:Go long from $1.1865-1.185 for Tp1 $1.194,Tp2 $1.2.
I agree with the direction of your signal. You have a pretty nice wide stop. Not a bad thing. I would trade the daily and a bit tighter stop in my style. Maybe 1.1662 or so. I am not currently trading this though.