This is the medium-term trade. The price reached the local resistance at 1.10650 level. The market looks oversold, and if the price breaks the uptrend line, it will be a sell opportunity.
Entry Point: below 1.10535
Stop Loss: above 1.10700
Take Profit: at 1.10200
Risk per trade must be 1% of your capital size.
Entry Point: below 1.10535
Stop Loss: above 1.10700
Take Profit: at 1.10200
Risk per trade must be 1% of your capital size.
Comment:
if the price moves above 1.10700, this trade won't be workable. We will have to search for new trading opportunities.
Comment:
The pending orders for sell were not activated. We should search for other trading opportunities.
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