Hi Traders,
The higher timeframe indicates downtrend so we look for short positions. A short entry can be placed if price breaks and close below the marked zone (122.939 - 122.872). The target can be placed at 122.693 (green). This position is considered a loss only if price close above the zone.
For queries comment below and dont forget to like and follow.
Happy Trading....
The higher timeframe indicates downtrend so we look for short positions. A short entry can be placed if price breaks and close below the marked zone (122.939 - 122.872). The target can be placed at 122.693 (green). This position is considered a loss only if price close above the zone.
For queries comment below and dont forget to like and follow.
Happy Trading....
Order cancelled:
Better not to take this trade as the breakout candle has tested the target...We recommend avoiding this setup or can enter a short on retest of the marked zone but a safe target is only 10 pips.
Happy Trading....
Happy Trading....