On the weekly we are still in a strong downtrend with the main down trend line holding in place.
On the daily we have tested resistance area at 143.60 which price has rejected.
Up trend line has broken downwards with backside tested and rejecting price.
Conservative Entries:
Break below 137.00
@140.00 Sell Limit
Aggressive Entry @ current price area of 138.00-138.50
TP 1 @ 133.50
TP 2 @ 126.00
SL above broken up trend line (conservative)
SL above past resistance (aggresive)
***Always remember risk management and splitting up your trades into multiple entry points instead of 1 large on.***
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
On the daily we have tested resistance area at 143.60 which price has rejected.
Up trend line has broken downwards with backside tested and rejecting price.
Conservative Entries:
Break below 137.00
@140.00 Sell Limit
Aggressive Entry @ current price area of 138.00-138.50
TP 1 @ 133.50
TP 2 @ 126.00
SL above broken up trend line (conservative)
SL above past resistance (aggresive)
***Always remember risk management and splitting up your trades into multiple entry points instead of 1 large on.***
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth