Yeah, well…. I opened long on this one at 1.2288. I felt that price has reached a demand level and was far from the next supply zone and the equilibrium of the price. Today’s candle started to make me think otherwise. I didnt felt that the price had enough momentum to make it move forward. I didn’t want to close it, so I moved my stop loss to break even, just in case that momentum would catch up and drive price higher.
It does not seem that it is going to happen. We are in a downtrend right now and I feel that the price will keep moving down.
I will keep looking at this one, to see if I have been right or wrong. At least, no profit, but no loser today.
