Price has fell in an ALMOST clean move from 1.408 to 1.378 I am expecting it to test 1.374.
If price bounces off 1.374 wait for a clean move before entering, otherwise downtrend continues when Feds continues with rate cuts just to "save" the economy from the effects of COVID-19.
If price bounces off 1.374 wait for a clean move before entering, otherwise downtrend continues when Feds continues with rate cuts just to "save" the economy from the effects of COVID-19.
Trade closed: target reached:
What a ride, Price was about 100 pips away from 1.374, but it was the CLEAN MOVE that broke thru resistance of 1.385.
Took profit @ 1.41356
Took profit @ 1.41356