As we've seen a trend-line rejection. We are aiming for another down-side for this pair. The risk:reward ratio is actually pretty good. However; we do have a pretty ambitious T/P. Once we reach our 1st area (-27.20%) we will move our S/L to break-even.
If this becomes a losing trade; we will be looking for another entry to the upside if we have confirmation.
*This is NOT a signal. We are NOT responsible for any types of losses you may encounter.
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.