This pair has hit a strong resistance.
It is thus likely to drop further down. Good candidate to short.
As always ensure your risk management measures are in place.
Wish you all the best!
Risk reward ratio: 2.3
It is thus likely to drop further down. Good candidate to short.
As always ensure your risk management measures are in place.
Wish you all the best!
Risk reward ratio: 2.3
Comment:
Price has tested fibo level 38.2. High prices have big rejected and bears are still in control. Price is thus expected to continue downwards
Trade closed: stop reached