Price has broken out of a symmetrical triangle on the higher timeframe at a major supply zone.
I am expecting price to continue falling to the next demand zone.
Here is the play I will be taking on this pair:
PAIR = EUR/USD
ORDER TYPE = MARKET SELL NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.12700
STOP LOSS = 1.14815
TAKE PROFIT = 1.11700
I am expecting price to continue falling to the next demand zone.
Here is the play I will be taking on this pair:
PAIR = EUR/USD
ORDER TYPE = MARKET SELL NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.12700
STOP LOSS = 1.14815
TAKE PROFIT = 1.11700