Price has beem moving in descending channel from beggining of 2015 and at moment I see a good opottunity for nice trade.
I cosider 3 scenarios :
1 price break to upside and first target would be at yellow line
2 price bounces back and makes another move down to bottom line of channel with target around 65-66 level
3 price breaks from channel and goes sideways for a while
Buy set up - open postion after price break upper line of channel with SL 60 pips below
Sell setup - sell market wit 60 pips above current price
I cosider 3 scenarios :
1 price break to upside and first target would be at yellow line
2 price bounces back and makes another move down to bottom line of channel with target around 65-66 level
3 price breaks from channel and goes sideways for a while
Buy set up - open postion after price break upper line of channel with SL 60 pips below
Sell setup - sell market wit 60 pips above current price
Note
Trade active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.