Daily:
Price broke below 100 EMA and seems to be transitioning downward
Price is at the downward channel resistance line and horizontal resistance line of 0.8900 area.
4H:
Triple top pattern and a bearish candles in 0.8900 region.
Position: Long
Entry: 0.8885
Stop Loss: 0.8935
Target: 0.8785
Risk:Reward = 1:2
Price broke below 100 EMA and seems to be transitioning downward
Price is at the downward channel resistance line and horizontal resistance line of 0.8900 area.
4H:
Triple top pattern and a bearish candles in 0.8900 region.
Position: Long
Entry: 0.8885
Stop Loss: 0.8935
Target: 0.8785
Risk:Reward = 1:2
Trade closed: target reached