On the Daily chart, 200 SMA suggests the pair is bearish.
On this 1hr chart, the pair has broken an ascending trendline and has broken a 50 SMA level.
Wait for a retest of either the trendline or the 50 SMA and then enter.
Only enter once you see some sort of bounce off the trendline or 50 SMA.
1:3 risk to reward ratio.
On this 1hr chart, the pair has broken an ascending trendline and has broken a 50 SMA level.
Wait for a retest of either the trendline or the 50 SMA and then enter.
Only enter once you see some sort of bounce off the trendline or 50 SMA.
1:3 risk to reward ratio.