The general ratio: All safe havens currencies are suffering amid widespread risk-on mode on markets. Usd, among them, is weaker due to riots and China tensions.
The TA ratio: We broke the symmetrical triangle to the downside yesterday and we entered the retracement area again (green rectangle), but I wanted to wait for either a retest or a further break of the other descending triangle. Downward moment is mounting as we can see from the DMI indicator.
Entering now with :
SL 0.96525 (0.61% loss)
just above the POC for last 4 days, the upper boundary of the green area and the 8daily MA.
TP1 0.946 (1.37% gain - RR 2.25x)
TP2 0.9241 (RR 6.15x)
The TA ratio: We broke the symmetrical triangle to the downside yesterday and we entered the retracement area again (green rectangle), but I wanted to wait for either a retest or a further break of the other descending triangle. Downward moment is mounting as we can see from the DMI indicator.
Entering now with :
SL 0.96525 (0.61% loss)
just above the POC for last 4 days, the upper boundary of the green area and the 8daily MA.
TP1 0.946 (1.37% gain - RR 2.25x)
TP2 0.9241 (RR 6.15x)
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Or simply you don't want to risk it?
Trade forex, oil, crypto, indices, and keep 80% of the profits you make, while losses are covered!
Check it out now → ftmo.com/en/?affiliates=2427