If you did not see my analysis of last week (link attached) or were not convinced, take another look at this pair. During last week we did have a bearish move but essentially price merely consolidated. I have redrawn my trend line (to reflect the current market situation) and I see a possible retest of this line or perhaps a bigger retracement, but the bearish pressure is clearly visible.
Price is below the 200 dma and the next major support is around 1.3610. Anything is possible in the markets but it is my opinion that this setup has a good risk/reward ratio.
Link -
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Price is below the 200 dma and the next major support is around 1.3610. Anything is possible in the markets but it is my opinion that this setup has a good risk/reward ratio.
Link -
This is not a trade recommendation; it’s merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
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.
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.