Hi Traders,
The higher time frames indicate we are in a short term downtrend. Price is testing key resistance at 1.69837 - 1.69676 Level(Red). If price breaks and close below 1.68697(Yellow), we can enter in a short position for a possible target at 1.68106(Green) with a stoploss maintained above 50SMA. This trade Setup is valid only for the present day as these levels can change tomorrow.
For queries comment below and dont forget to like and follow.
Happy Trading....
The higher time frames indicate we are in a short term downtrend. Price is testing key resistance at 1.69837 - 1.69676 Level(Red). If price breaks and close below 1.68697(Yellow), we can enter in a short position for a possible target at 1.68106(Green) with a stoploss maintained above 50SMA. This trade Setup is valid only for the present day as these levels can change tomorrow.
For queries comment below and dont forget to like and follow.
Happy Trading....