Oversold region currently~ bounce off a potential support line could send it back to the top of the continuation pattern. This can give us a long opportunity back to the top of the triangle. An ideal place to close would be around the 72 RSI or the take profits position in mind~
Alternatively, if we fall out (less likely) we will be seeing further movement down towards the next support.
Simple but essential.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
Alternatively, if we fall out (less likely) we will be seeing further movement down towards the next support.
Simple but essential.
This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
Trade active:
Short is in swing.
Comment:
Traders saw the resistance line an opportunity to buy~ however it will have to break the overhead resistance to hit stoploss.
Comment:
Pennies off the sell target~ lesson to be conservative in forex.
Trade closed manually:
We take those profits~