2017 prospective: 1.0700- 1.0850 ideal level to short

A solid support that goes back to 2000-2001 was broken in 2016. Current price action is consolidation before what I think is lucrative short opportunity targeting 0.85 eventually.

Entry: 1.0700 - 1.0850

Risk (SL): Above 1.1100

Targets:

TP1: 1.0340
TP2: 1.0000 (parity - strong psychological level)
TP3: 0.09608
TP4: 0.08530-00

Yorum:

Trade is active, entry was triggered at 1.0800 with stop loss is set at 1.1000 for now.