We have a CYPHER pattern.And a reverse H&S in it.That give us two entry for SHORT. Will go for second entry if price reach the X level. RSI currently overbought. Nice risk and reward. And we might have a completion of Elliott wave 5 on a D1 chart.
I am invested in EurUsd Pair at 1.187 level for short calls. Will it get to this level before heading up? Will appreciate your valuable advice.
Thank you and wish you a wonderful year ahead...
SimonAlex98081
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@gaff_xec, Hi,thanks for your comment.I think there is a high possibility that price will hit around 1.20850 before heading down.So if your margin is enough to support your opened position i don't think there is a problem.All you have to do is wait.Even better if you can open another short position when price hit the top.
Have a great year ahead. :)
Thank you and wish you a wonderful year ahead...