For EURUSD, it's been nothing but a continuous downfall along with the GBPUSD but with a big "green candle" breaking lower Bollinger Band as well as the RSI levels being at extreme over sold levels, could this be pointing toward a reversal potentially? I think some selling relief is to come for the short term for the EURO and we may be looking at slight uptick before the prior resistance zone at the least.
Trade took and considered the "big green candle" my confirmation based on size and wick and also because it historically has bounced off of the lower bands standard deviation. Placed Stop Loss below Entry candle and Take Profit right before the prior resistance zone.
Trade took and considered the "big green candle" my confirmation based on size and wick and also because it historically has bounced off of the lower bands standard deviation. Placed Stop Loss below Entry candle and Take Profit right before the prior resistance zone.
Trade active:
Numbers highlighted by drawing of entry, take profit and stop loss
Trade closed: target reached:
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