Price rejected down trend line and we have 2 strong bear candles. Good confirmations of movement to the downside with RSI in strong sell zone.
1. Daily down trend line resistance held and rejected price.
2. Up trend line broken down and backside tested.
3. RSI in sell zone.
4. Strong bear daily candlesticks.
This pair has already net us 80 pips but still lots of opportunity to the downside.
Look to enter @ 0.8806
TP @ 0.8623
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
1. Daily down trend line resistance held and rejected price.
2. Up trend line broken down and backside tested.
3. RSI in sell zone.
4. Strong bear daily candlesticks.
This pair has already net us 80 pips but still lots of opportunity to the downside.
Look to enter @ 0.8806
TP @ 0.8623
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
Comment:
SL hit but expecting price to retrace back towards 0.8900