See previous chart (link below) for details of overall view.
Previous short was stopped out but it seems the overall counts still looks correct to me, hence another attempt to join the potential short.
Here are 2 possibilities, either we get a retrace of the decline or breakdown without much retrace.
1. Entry short: 1.1450 Zone (on partial retrace, but then actual entry and stop loss could be adjusted),
Stop Loss: 1.1517, Target: 1.110 zone
2. Entry short: 1.1350 (on breakdown without retrace), Stop Loss 1.1407, Target 1.1 zone.
Warning: This is my interpretation of price action using TA approach that I consider helps me most but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views.
For those who appreciates my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then please be constructive and share for all to learn from.
Thank you for taking the time to read my analysis.
DanV
danv-charting.com
Previous short was stopped out but it seems the overall counts still looks correct to me, hence another attempt to join the potential short.
Here are 2 possibilities, either we get a retrace of the decline or breakdown without much retrace.
1. Entry short: 1.1450 Zone (on partial retrace, but then actual entry and stop loss could be adjusted),
Stop Loss: 1.1517, Target: 1.110 zone
2. Entry short: 1.1350 (on breakdown without retrace), Stop Loss 1.1407, Target 1.1 zone.
Warning: This is my interpretation of price action using TA approach that I consider helps me most but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views.
For those who appreciates my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then please be constructive and share for all to learn from.
Thank you for taking the time to read my analysis.
DanV
danv-charting.com
