The price is at a major market zone, @ 93.5 - 93.8. This pair has broken out of this zone and is currently retesting it since it has been at a bearish momentum for the last few days.
I am anticipating the momentum will continue, then a rising channel will be formed thus a major indicator of a bearish momentum.
Entry @ 93.2 Sl @ 94.5 and target @ 89.3
Remember, risk 1 - 2 % of the account.
I am anticipating the momentum will continue, then a rising channel will be formed thus a major indicator of a bearish momentum.
Entry @ 93.2 Sl @ 94.5 and target @ 89.3
Remember, risk 1 - 2 % of the account.
Trade closed: stop reached
Unfortunately, I have been stopped out.
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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.