We are in the middle of the channel here, so this one is preparation for longer term trade. For some chills, I'll try to harvest around 50 pips on lower timeframes, if I'll have time to monitor it.
Red area would be nice for shorts, but it may happen that it will just continue down from here. Will see where it will start next week.
From longer perspective, area between 1.4545 and 1.4565 will be crucial IMHO. From thee, continuation to downside can bring it to 1.446 and to upside to 1.472+. But as said, these times are yet to come.
4h line chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Red area would be nice for shorts, but it may happen that it will just continue down from here. Will see where it will start next week.
From longer perspective, area between 1.4545 and 1.4565 will be crucial IMHO. From thee, continuation to downside can bring it to 1.446 and to upside to 1.472+. But as said, these times are yet to come.
4h line chart:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
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Looks like it's heading to 1.472. Will try to catch a nice long entry.
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No pips here for me.
