Price is trending down on the 6 hour and higher time frames. Price recently retraced passed a previous support area and also passed the 50% fibonacci area. Price is also in the middle of 8 and 21 period moving average. Bearish pin bar formed. I placed order last night for this pair but never triggered due to price not reaching entry target. I have place market order with profit target set at the previous support area and the stop loss will beyond the trigger candle. Risk to reward is 3.1.
Trade wurde manuell geschlossen
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Price doesnt seem to want to break lower and seems price is not in a consolidation phase and could go long or short. Closing trade manually. Profit taken is a ration of 1:0.7