Waiting for the reversal at the supply zone 1.11009 and wait for a bearish candlestick to enter. -1:3 Risk to reward - TP level: 1.08766 Let's see what happens at the end of the week!
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Stop loss has been activated. Notes: - wait for price to retest the resistance descending channel. -Economic news came out for both EUR and USD. : EUR-Germany Manufacturing Purchasing Managers Index showed strong results which strengthens the EUR. :USD-U.S. ISM Manufacturing Purchasing Managers Index showed negative results which weakened USD.
Things to learn- -Avoid trading with high impact news. - Always wait for price action to reach a significant level before placing the trade.