EURUSD: Sell Opportunity

The price moves sideways in the borders of the horizontal price channel. We can try to catch a breakout with the further downward movement. As the daily timeframe looks more bearish, selling based on the 1H chart is a good idea.

Entry Price: below 1.10635
Stop Level: above 1.10945
Profit Level: at 1.10005

Risk per trade must be no more than 1% of your capital. If the price breaks the stop level, we will have to search for a new trade opportunity. If the price reaches 1.10300, move stop orders to breakeven.

Comment:

The sell pending orders were not activated. We have to delete them and search for a new trade opportunity.