The price reached 1.10000 resistance level. It means that the upward movement can be stopped and reversed. If the price breaks the local uptrend line, it will give us a sell opportunity.
Pending orders for sell must be placed below the uptrend line, 1.09800 support, and the nearest swing low.
Entry Price: 1.09780
Stop Level: 1.10060
Profit Level: 1.09215
Risk per trade must be no more than 1% of your capital. If the price moves above the resistance zone at 1.10000, we will need to search for a new trading opportunity.
Pending orders for sell must be placed below the uptrend line, 1.09800 support, and the nearest swing low.
Entry Price: 1.09780
Stop Level: 1.10060
Profit Level: 1.09215
Risk per trade must be no more than 1% of your capital. If the price moves above the resistance zone at 1.10000, we will need to search for a new trading opportunity.
Comment:
The market did not move downward. It can be a signal to close the trade at the breakeven. It depends on you.
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