The 12 hour candle at the moment shows significant buying rejection coupled with a convincing selling run behind it. It looks like it will continue the sell run all the way down to the major SR zone around 1.41
If price makes that lower low, enter this trade for a good 1:2.8 RR trade
Idea's, comments, let me know below!
Thanks for reading and good trading :)
If price makes that lower low, enter this trade for a good 1:2.8 RR trade
Idea's, comments, let me know below!
Thanks for reading and good trading :)
Comment:
Buying is stil quite suppressed, but it hasnt moved down strongly yet. Perhaps next week?
Comment:
News is giving this some momentum already to break through support
Trade closed: stop reached:
entered too early