Expecting price to continue trending downwards to major support
Updated
Entry: 0.86030
TP1: 0.8383
TP2: 0.82
SL: 0.865
There is a good chance price will reverse the medium-term uptrend from this current level and continue the long-term downtrend to our institutional support level around 0.82. Daily RSI well overbought, arrived at weekly 200 moving average, arrived at major resistance level, retesting long-term down trending line level.
TP1: 0.8383
TP2: 0.82
SL: 0.865
There is a good chance price will reverse the medium-term uptrend from this current level and continue the long-term downtrend to our institutional support level around 0.82. Daily RSI well overbought, arrived at weekly 200 moving average, arrived at major resistance level, retesting long-term down trending line level.
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TP1 Hit, price still looks good to fall to 0.82 levelsTrade closed: target reached
Closing this trade a bit early
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