Technical Analysis: Look for key levels of resistance that might act as a ceiling, and also support levels that could be breached during the decline. Indicators like the RSI, MACD, or moving averages might help confirm the bearish momentum.
News and Events: Keep an eye on economic news, central bank statements, or geopolitical developments, as these can strongly influence the pair.
Stop Loss and Take Profit: Since you're targeting a 100-pip move, you might want to set your stop loss and take profit levels according to your risk tolerance.
News and Events: Keep an eye on economic news, central bank statements, or geopolitical developments, as these can strongly influence the pair.
Stop Loss and Take Profit: Since you're targeting a 100-pip move, you might want to set your stop loss and take profit levels according to your risk tolerance.
Trade closed: target reached
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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.