Quite simple trades this. After a tremendous rally in recent week this pair has reached to a level which historically acted as a support and resistance in the past on a number of occasion. While RSI also being oversold and we have a nice bearing engulfing candle from the top which signals a reversal. I have gone short on this and marked the tp and sl as well.
Let me know your thoughts.
Trade safe and good luck
Let me know your thoughts.
Trade safe and good luck
Trade geschlossen: Ziel wurde erreicht:
Target reached. I hope you enjoyed the pips