After watching an intensive bearish movement we found a support level at 0.87843. Now, we're seeing a retraction, that I believe it's going to happen between the 38.2 and 50.0 of A-B retraction (Support became Resistance). That will be maybe the killzone to get a short position on this pair. We'll have to wait to see how we'll found the RSI at that moment, to pull the trigger. If all this happens I predict that we'll get an opportunity to get short and collect the profits at the Support Zone of 0.865 or 0.866 zone (we must follow the movement).
Stop Loss at 0.92394 (above last Support that became Resistance)
Take Profit at 0.86579 (to be adjusted)
P&L Ratio = 5.6
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Stop Loss at 0.92394 (above last Support that became Resistance)
Take Profit at 0.86579 (to be adjusted)
P&L Ratio = 5.6
P.S.: Please leave a comment. Thanks!