This is a day trade. Entry should hit and profit target should hit in one day.
Price action making lower highs and lower lows indicating a downward trend.
10 EMA below 20 EMA indicating bearish momentum.
Latest candle opened at high of 60 min session and closed near the low indicating bears are active but not in complete control. Latest candle also opened at 10 EMA and bounced off and started moving lower. Market is rejecting higher prices.
Entry set at 1.5974
Stop loss set at 1.6000
Take profit set at 1.5890
I have this entry loaded in with my broker.
This pair is one of the top 10 most volatile currency pairs. Average daily price range is 105 pips.
Price action making lower highs and lower lows indicating a downward trend.
10 EMA below 20 EMA indicating bearish momentum.
Latest candle opened at high of 60 min session and closed near the low indicating bears are active but not in complete control. Latest candle also opened at 10 EMA and bounced off and started moving lower. Market is rejecting higher prices.
Entry set at 1.5974
Stop loss set at 1.6000
Take profit set at 1.5890
I have this entry loaded in with my broker.
This pair is one of the top 10 most volatile currency pairs. Average daily price range is 105 pips.
Comment:
This trade did not work out and the Entry was not hit.
Trade active:
Not all trade setups will work out. This is part of trading!