The price is at a major market zone, @ 93.5 - 93.8. This pair has broken out of this zone and is currently retesting it since it has been at a bearish momentum for the last few days.
I am anticipating the momentum will continue, then a rising channel will be formed thus a major indicator of a bearish momentum.
Entry @ 93.2 Sl @ 94.5 and target @ 89.3
Remember, risk 1 - 2 % of the account.
I am anticipating the momentum will continue, then a rising channel will be formed thus a major indicator of a bearish momentum.
Entry @ 93.2 Sl @ 94.5 and target @ 89.3
Remember, risk 1 - 2 % of the account.
Trade closed: stop reached:
Unfortunately, I have been stopped out.