A few reasons:
1. Short-term double bottom.
2. This pair hasn't reached this price level since 2015.
3. I think major longs are waiting at about 1.22 but I also think it will do a bit of bouncing first before ultimately trading down to that level.
4. Because I don't think anyone else wants to based on the ideas page.
Notes:
1. Just my humble opinion only....
Basically I'm looking at a pullback at around 1.17-ish. Looking to re-enter long between 1.14 - 1.15 but could even go down to 1.13 and I'd still consider going long. Then anticipating major move up to about 1.25. Just my opinion. Not financial advice. Use sensible risk management in any trade you get into. If you're doing this with 400x leverage, you're...
Price levels rejected at 300 Day MA. They have so far broken below 200 Day MA (but let's see what happens by the end of the day). Is the 100 Day MA the next target?
