Hi Traders,
The higher time frames indicate we are in a downtrend. Price is testing key resistance at 1.28668 Level(Yellow). If price breaks and close below 1.28469(Green), we can enter in a short position for a possible target at 1.28270(Red) with a stoploss maintained above 50SMA. Traders with more risk appetite can hold this position till 1.27745(Blue).
For queries comment below and dont forget to like and follow.
Happy Trading....
The higher time frames indicate we are in a downtrend. Price is testing key resistance at 1.28668 Level(Yellow). If price breaks and close below 1.28469(Green), we can enter in a short position for a possible target at 1.28270(Red) with a stoploss maintained above 50SMA. Traders with more risk appetite can hold this position till 1.27745(Blue).
For queries comment below and dont forget to like and follow.
Happy Trading....