It has been in a descending wedge, and just bounced off the upper boundary, although a close on the daily is required to confirm this. it is also at a moderate resistance level, so i believe it should go lower to at least the 0.716 level IF the close today is convincingly bearish.
Will update if a trade is taken out.
SL @ 0.73629
TP @ 0.71634
R/R @ 1.5
Will update if a trade is taken out.
SL @ 0.73629
TP @ 0.71634
R/R @ 1.5
تم فتح الصفقة:
Short position opened, the trade was taken out at a more favourable price, so the R/R is now 1.75.
أغلقت الصفقة: تم الوصول لوقف الخسارة:
Pair broke the trendline, and touched the SL.
