If we take long position our stop should be at relative low plus 6 -10 pips.
The 1.4250-1.4265 area is going to act as a pivotal level. Buyers and sellers would fight for this level in order to take control of it.
If market starts to trade lower we cannot fight against it because there is a high probability market breaks the low and try to teach the next target which is at 1.4166.
Below 1.4126 more sellers would step in and push the market to our next target 1.4072
Please trade on your own risk. Thank you
The 1.4250-1.4265 area is going to act as a pivotal level. Buyers and sellers would fight for this level in order to take control of it.
If market starts to trade lower we cannot fight against it because there is a high probability market breaks the low and try to teach the next target which is at 1.4166.
Below 1.4126 more sellers would step in and push the market to our next target 1.4072
Please trade on your own risk. Thank you
