Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.7860 to 1.7995), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.7860)
Ending of entry zone (1.7995)
Technical analysis:
A trough is formed in daily chart at 1.7575 on 02/13/2018, so more gains maximum to Sell Zone ( to ) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Although it went back up, (I got out once I saw it go back up) the daily candle close on Friday looks great for shorts wouldn’t you say? I mean, on my Stoch RSI, it’s pointing straight down on the Daily TF. EA is doing the same.
FxTeacher
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Seeing that this broke the trendline..I should just hold my short position instead of looking for the possibility of a temporary retracement into the sell zone..right?