Hi all! At Friday's close the price failed to pass above the zone 1.1978 - 1.1994, which probably confirmed the strength of that zone. On Monday the price opened with GEP down, which gives me an assumption of more likely sales, rather than continuation of purchases. The probable movements of the price are presented in the chart.
In this regard, I consider as the main variant of the sale from the zone 1.1978 - 1.1994 and on the breakdown of the internal bar, formed on 15.04.2021 (sell stop from 1.1955).
T/P 1 - 1.1850;
T/P 2 - 1.1720;
T/P 3 - 1.1650.
S/L - 1.2000.
Near the zone 1.1835 - 1.1846 it will be necessary to trace reaction of the price. To my mind, this zone is not particularly strong, so I expect a continuation of the fall from it, but I still believe that the price may turn around to buy from it.
An alternative variant: a breakdown of the zone 1.1978 - 1.1994 with the growth towards 1.21594 - 1.21875, where you can put T/P. In this case the S / L should be placed behind the zone 1.1978 - 1.1994
WARNING: The idea is a recommendation and is the personal opinion of the author. When making transactions, specify clear T/P targets and put S/L.
In this regard, I consider as the main variant of the sale from the zone 1.1978 - 1.1994 and on the breakdown of the internal bar, formed on 15.04.2021 (sell stop from 1.1955).
T/P 1 - 1.1850;
T/P 2 - 1.1720;
T/P 3 - 1.1650.
S/L - 1.2000.
Near the zone 1.1835 - 1.1846 it will be necessary to trace reaction of the price. To my mind, this zone is not particularly strong, so I expect a continuation of the fall from it, but I still believe that the price may turn around to buy from it.
An alternative variant: a breakdown of the zone 1.1978 - 1.1994 with the growth towards 1.21594 - 1.21875, where you can put T/P. In this case the S / L should be placed behind the zone 1.1978 - 1.1994
WARNING: The idea is a recommendation and is the personal opinion of the author. When making transactions, specify clear T/P targets and put S/L.