You'd have to be careful with this trade and monitor it, step by step ( you should be doing that for all trades anyway ).
You could hold until trade hits yellow line ( around 1.24 ). The trendline I've drawn isnt very accurate so it would have to be monitored for how high it decides to rise.
Once it hits a High and starts to fall, you could hit a short and ride it all the way down.
Possible Short Entry at 1.24 ( you'd have to monitor it ).
TP Exit point at 1.13 or lower.
Whats interesting with this chart is price has gone so low that its breaking new ground. There's no historic precedence since at least 1997 where this price has ever been this low lol.
We live in interesting times ha ha.
I personally wouldnt trade this myself as Im not a huge fan of risk. There are better charts and trades imo but it might be interesting to somebody.
You could hold until trade hits yellow line ( around 1.24 ). The trendline I've drawn isnt very accurate so it would have to be monitored for how high it decides to rise.
Once it hits a High and starts to fall, you could hit a short and ride it all the way down.
Possible Short Entry at 1.24 ( you'd have to monitor it ).
TP Exit point at 1.13 or lower.
Whats interesting with this chart is price has gone so low that its breaking new ground. There's no historic precedence since at least 1997 where this price has ever been this low lol.
We live in interesting times ha ha.
I personally wouldnt trade this myself as Im not a huge fan of risk. There are better charts and trades imo but it might be interesting to somebody.