Interesting area to monitor. Resistance trendline
1.1780 to 1.1785, anything could happen at this point with the Jackson Hole Summit so it all depends on your risk appetite.
My trading idea remains unchanged with a final target at 1.11, so the USD will show soon its powerful against most the pairs. In the meantime I'm gonna take a risky move following the resistance trendline and add further SHORT positions at 1.1780-85 with a partial hedge (BUY position above the purple line) to cover the new shorts just in case it goes the opposite way.
Cheers. (REMEMBER: PATIENCE!!! and Risk/Money Management are KEY to succeed!)
My trading idea remains unchanged with a final target at 1.11, so the USD will show soon its powerful against most the pairs. In the meantime I'm gonna take a risky move following the resistance trendline and add further SHORT positions at 1.1780-85 with a partial hedge (BUY position above the purple line) to cover the new shorts just in case it goes the opposite way.
Cheers. (REMEMBER: PATIENCE!!! and Risk/Money Management are KEY to succeed!)
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