Hello, I am only a beginner in forex. Still learning. I would however like to share this idea.
Following price action setup, technical analysis shows that a break and close below 1.05780 could expose the pair to the 1.02 area.
It is important to check the volume and candlestick information for confirmation before making the entry.
I am holding a sell stop order at 1.05700
TP= 1.02800
SL = above 1.06500
I believe it's important to break even in case of heavy market reversal against your direction. Thank you!
Following price action setup, technical analysis shows that a break and close below 1.05780 could expose the pair to the 1.02 area.
It is important to check the volume and candlestick information for confirmation before making the entry.
I am holding a sell stop order at 1.05700
TP= 1.02800
SL = above 1.06500
I believe it's important to break even in case of heavy market reversal against your direction. Thank you!