In the past months this pair has been moving in a 500 pips range. At the end of May the pair has started to gradually descend lower.My wiew is that this is just the start of an extended 500 pips bearish move. On the big picture (1Weeek) this bearish trend is just a regular retracement for the larger bullish trend.
Since i always back my prediction with live trades , i entered a short position at 1.8293 with TP (1.8343) and SL set at (1.8111). The risk reward/ratio of this trade is 3.54.
Good Luck.
Metal_Mind.
Since i always back my prediction with live trades , i entered a short position at 1.8293 with TP (1.8343) and SL set at (1.8111). The risk reward/ratio of this trade is 3.54.
Good Luck.
Metal_Mind.