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Trade Signal:
SELL
> Entry: 0.74987
> Take Profit: 0.68927
> Stop Loss: 0.76338
Analysis:
We are seeing a bearish price action on the monthly time frame, this is due to the previous support turns resistance where we can expect a continuation to the downside. Looking at the 4H time frame we can see that it has retraced back to the 50% of the fibonacci and this is where we can take our trade stop loss is above the high and the take profit is at the impulse.
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
Trade Signal:
SELL
> Entry: 0.74987
> Take Profit: 0.68927
> Stop Loss: 0.76338
Analysis:
We are seeing a bearish price action on the monthly time frame, this is due to the previous support turns resistance where we can expect a continuation to the downside. Looking at the 4H time frame we can see that it has retraced back to the 50% of the fibonacci and this is where we can take our trade stop loss is above the high and the take profit is at the impulse.
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
Trade active:
Trade activated.