Last week, market fell 640 pips after falling short of my target 1.5000. However, with proper risk management and skills, even if we did not take profit at the top. Stoploss triggered will also enable us with small profits.
This week, I reckon that market will go for another dip. However, there are 2 possibilities. Firstly, market may continue to drop further to 1.4200 to complete the wave at the start of the week before any retracement can be seen. Or 2nd possibility is that market may go back up to 1.4600 to complete the correction before turning down.
I foresee that market will likely go for the 1st possibility. Therefore, favour to pick short around 1.4400 with stoploss around 40 -50 pips. Target exit is at 1.4200.
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