*This is a re-entry of my other idea. This trade is quite risky so you should not use too much capital. I even think about closing at target 1 if I see a lot of resistance.
Now we do have a better opportunity to enter (see related publications). We are in a good place to resume and make a reentry of the previous trade.
Until it breaks 1.18 or 1.20, it could remain bearish down to 1.0. So, it’s just speculation right now, but my target is 1.38, where I would take a partial profit of 50% or 75%, or close the position if there is a lot of rejection. But I plan to protect it soon, if it breaks 1.14. Still, nothing is certain yet, it remains bearish. So we have to be very careful.
Targets:
T1: 1.38
T2: 1.55
Stops:
0.98 (4 hours)
0.95 (swing/days)
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