18- 33 PIP Catch from Buy Area Move SL to 5+ PIPs when 15 PIPs in profit Manage Risk, Trade Safe..
40-70 PIP Catch Long Move SL into 5 PIPs profit when in 20 PIPs profit. Manage risk accordingly, Trade Safe
Expecting Sell Entry to be triggered and price to continue in downward trend to hit TP area
Price shows strong Bearish Movement, and has been trending within descending channel, 4 Hour Fib Level shows a retracement level at 1.91722 which is also where downtrend continues. Therefore Stop Loss placed above Fib Retracement Level and Downtrend line. Average pullback is around 72 PIPs well within Sell Area to initiate trade. As per previous analysis SL has...
First Trade Analysis based on 3 indicators and Trend Analysis. Trade is ordered on Demo.