Hello traders,
this is the trade I am taking right now.
On the Weekly we are clearly in down trend, price has been pushed to the downside, broke the support.
On the Daily, we can see the price to retest previous support line, now resistance with huge rejection-wicks.
This is a great opportunity for trade with high RRR. SL is set above structure,
TP is on 0.83544 which is a weekly key level. I will monitor price around area Daily support line on 0.86700 and see how it goes.
Best of luck
J
this is the trade I am taking right now.
On the Weekly we are clearly in down trend, price has been pushed to the downside, broke the support.
On the Daily, we can see the price to retest previous support line, now resistance with huge rejection-wicks.
This is a great opportunity for trade with high RRR. SL is set above structure,
TP is on 0.83544 which is a weekly key level. I will monitor price around area Daily support line on 0.86700 and see how it goes.
Best of luck
J