Sell on a bearish engulfing pattern, confirms resistance.
the uptrend was formed by 3 consecutive spinning tops which shows lack of buying force.
Risk reward is 1:5
Place break even when price goes down to minor support, small lower shadows. @ 1.2488
the uptrend was formed by 3 consecutive spinning tops which shows lack of buying force.
Risk reward is 1:5
Place break even when price goes down to minor support, small lower shadows. @ 1.2488
Trade active:
Moved SL to breakeven.
If price goes down further and break this minor support 1.24703 will move stop down to capture a little bit of profits.
Target remains the same.
If price goes down further and break this minor support 1.24703 will move stop down to capture a little bit of profits.
Target remains the same.