counter trend move possible
possible counter trend move to the downside from this point. Price reached to the top of the mini uptrend channel formed early this October, with a possibility of downward movement or consolidation required. Given it's overbought RSI in multiple TF, I put a counter trade in.
NOTE: RISKY SETUP. Manage your risk
SL: 0.74895
TP: Fib based. Don't be greedy on this one. Move to BE as soon as you wish considering it's counter trend.
Time scale: hold max 1 day, close as soon as you wish
Expected pips: 15 - 40 pips
GL.
---
Disclaimer:
Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
NOTE: RISKY SETUP. Manage your risk
SL: 0.74895
TP: Fib based. Don't be greedy on this one. Move to BE as soon as you wish considering it's counter trend.
Time scale: hold max 1 day, close as soon as you wish
Expected pips: 15 - 40 pips
GL.
---
Disclaimer:
Chart is static market is not. I learn from loss and mistakes like everyone. No financial advise is given here. Your money your own risk. :) And Good luck.
Disclaimer
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