The pair hit the long-term down-trend line that started to form since 2008 signalling a big sell-off is on the way.
The signal was confirmed by the divergence between the price action and the MACD indicator.
A strong support area is around 1.1600 price
The signal was confirmed by the divergence between the price action and the MACD indicator.
A strong support area is around 1.1600 price
Note
1st target has been reached @ 1.2050Trade closed: target reached
2nd target has been reached @ 1.1600 . That's a total of 750 pips for that trade.
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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.