This pair has been in a ranging downward trend for over 6 months.
It has also recently tested the down trend line and formed a shooting star.
This gives us an obvious Stop and Take profit.
In the case of this trade I will not use multiple take profits.
If you have an questions please don't hesitate to ask.
Happy Trading.
It has also recently tested the down trend line and formed a shooting star.
This gives us an obvious Stop and Take profit.
In the case of this trade I will not use multiple take profits.
If you have an questions please don't hesitate to ask.
Happy Trading.
Trade closed: stop reached:
Stop was a little bit tight. Seems this pair is starting to range side ways. Or slowly reversing.
For me this trading idea is still valid I will wait for a day and see where price closes at end of market.
For me this trading idea is still valid I will wait for a day and see where price closes at end of market.