CollegeofPips

EUR/USD | Potential Downward Movement

Short
OANDA:EURUSD   Euro / U.S. Dollar
πŸ’‘ Trade Idea

πŸ“ˆ Sell Order EUR/USD @ 1.2047

🎯 Target Profit 1.1964

πŸ›‘ Stop Loss 1.2088

❌ Do not risk more than 1 % of your account on each trade

πŸ™‚ Good Luck !

Description: The price failed to break the daily resistance (1.2088), and it posted a double top which indicates a potential reversal. The price is trading around the neckline of this pattern, so we expect a move downward towards the target profit.

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