Im using the Simple Quick Development Technique, which is a technical analysis technique.
Based on current situation there are some reason that tend to sell this pair. The list is as per below :
1. Price break reject the yesterday high again which act as resistance (Sell)
2. Price make out a fake bullish movement (Sell)
3. At TF M5, price already below 3 line of MA, which indicated strong momentum of Sell.
For Exit strategy as per shown above.
1. SL is the red one, which around 10 pips
2. TP is around the green line of MA
A decent risk and reward to be executed.
Based on current situation there are some reason that tend to sell this pair. The list is as per below :
1. Price break reject the yesterday high again which act as resistance (Sell)
2. Price make out a fake bullish movement (Sell)
3. At TF M5, price already below 3 line of MA, which indicated strong momentum of Sell.
For Exit strategy as per shown above.
1. SL is the red one, which around 10 pips
2. TP is around the green line of MA
A decent risk and reward to be executed.