the price touched the 48 period MA and it may get further down in this trend after recovering some short covers.
t1 is highly achievable.
risk is just 10-15 pips.
t1 is highly achievable.
risk is just 10-15 pips.
Trade closed: target reached:
T2 ACHIEVED
now if the price crosses below the current low, we would definitely look for T2.
Exit the trade if the price crosses above 48 period MA(we don't know what happens after that)