Confluences for Trade: - Waning bearish momentum - Price action at support of downward sloping Resistance Channel - Horizontal Trednline support close by - Stochastics at Oversold conditions (1D and W) - Widening gap EMAs is large
Suggested Trade: Entry @ Area of Interest 1.0450 - 1.0510 SL: 1.0381 TP: 1.0709 RR: Approx. 2.32 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
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We locked in half profit beforehand and moved SL to BE.
Risk free trade.
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