The price passed through the kumo. DMI confirms trend market conditions and downward movement. We have short opportunity. Place pending orders for sell at 1.17155 with stop orders above 1.18300 level. Take profit should be at 1.16150 level.
Comment
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The price bounced from the kumo and the trend line. Now we have to watch for price action near 1.17200 level. If the market breaks this level, we'll have a good confirmation for further downward movement. If the market bounces from 1.17200 and breaks the trend line, it will be better to close short trades and wait for new trading opportunity.
evening star formation at the top + Weekly RSI overbought
DrXoX
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thank you , i sell :1.1718
KathysTheStockGal
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LET ME KNOW WHAT YOU THINK
kawaljeetsingh
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sir i sell near...1.17101...what i do i exit the trade or wait for market to come down...sir let me no....
lg4legacy
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@kawaljeetsingh, right now it reached over 1750, but i think next 12 hours it will go back to 1724, and then we will see what will happen on Friday.
i3wangyi
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Seriously, I'm new to the trader. Where can you easily trade currencies on daily basis?
Cryptolid17
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@i3wangyi, I'm trading on GKFX, very uncomplicated for newbies! You can also try out your strategies risk-free with a demo account and change to a real trading account when you're ready for.
Allonzo10586
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@i3wangyi, start from demo , if you don't have any particular skill to predict price levels.