It is obvious that: This pair is in a down trend, Recently, price has been in a range (consolidating) between 1.3750 and 1.3390.
Taking a short at the top of the range would be a high probability trade that is in line with the major trend. This what I intend to do with target just above 1.3390. Even with a generous stop, this has the potential to provide a +3R trade.
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Operación activa
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This trade has not triggered yet, price did not retrace up to 1.3750. My pending order is still active and I will close it the next week if not activated.
Orden cancelada
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Price moved just as I expected but unfortunately did not trigger for me. I learnt a long time ago not to chase price.