The area around 1.900 has been significant recently, having acted both as support and resistance. Despite several days of trying to make some significant gains, we are still at 1.9035 region.
In accordance with the prevailing bearish trend, I am interested to take a short. I will place a pending entry below Thu low with my stop above its high.
My initial target would be just above the next major support at 1.8635, if achieved would yield 2.6R. Monitoring PA at such time may provide the opportunity for a second target much lower.
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As always, please use sound money and risk management in all your trades.
In accordance with the prevailing bearish trend, I am interested to take a short. I will place a pending entry below Thu low with my stop above its high.
My initial target would be just above the next major support at 1.8635, if achieved would yield 2.6R. Monitoring PA at such time may provide the opportunity for a second target much lower.
If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications.
As always, please use sound money and risk management in all your trades.