Even though this seems incredibly strange, I opted to enter for short on this pair since, after all, stop-loss orders have their place, and I trusted my eyes more than my heart.
I'm just waiting for the market to tell me to jump on a sale as the price is already in my value range.
Short Bias for the upcoming week.
Instead of being stuck with the indicators, trade using Fed Data.
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**First Scenario - Short:**
Initial Target: $1.07863
Entry: $1.08692
Stoploss: $1.08740
**Second Scenario - Long:**
Initial Target: $1.0935
Entry: $1.0875
Stoploss: $1.0869
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Take into consideration:
Psychological Resistance at $1.090
Psychological Support at $1.075
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NFA
DYOR
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Good Luck!
⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.