:x: Do not risk more than 1% of your account on each trade
:slight_smile: Good Luck!
The daily support rejected the price twice, plus it posted a double bottom which indicates a high probability of a reversal. In addition, it manages to break the blue trendline. A lower correction is expected towards the neckline, then a move upward to the 1.6335 mark.
Yes, obviously a time to Sell. I am preparing my short orders. Everyone has failed to predict the long move, now suddenly the other traders started suggesting the Short orders.
Helena_FX
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Nice analysis, how far down do you think is going to go now? Back to 1.62 before tries up again?