Potential Sell at 1.2680
Multi Timeframe Analysis
My trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace in the direction of the D1 master trend.
Recommendation:
Enter short at 1.2680 from 4H chart should the bullish retrace on D1 turn bearish on MACD, ADX and price goes below the 10 and 20 EMA
Potential TP at 1.25665
My trading philosophy: We don’t short at the lowest of the bearish momentum nor do we long at the peak of a bullish impulse. The safest entries are at the end of a retrace in the direction of the D1 master trend.
Recommendation:
Enter short at 1.2680 from 4H chart should the bullish retrace on D1 turn bearish on MACD, ADX and price goes below the 10 and 20 EMA
Potential TP at 1.25665