Hi Traders!
The market was moving over the trendline since very long.
After that it broke the resistance at 0.99400 for a while, until it finally closes again below it.
That's a sign of bearish power.
Since then it is trying to break the trendline; the market hasn't suceed yet, but the support becomes weaker.
Now we expect a breakout until the next support at 0.98000.
We recommend to sell the breakout with a risk-to-reward of 1 to 3.
Thanks and good luck :)!
The market was moving over the trendline since very long.
After that it broke the resistance at 0.99400 for a while, until it finally closes again below it.
That's a sign of bearish power.
Since then it is trying to break the trendline; the market hasn't suceed yet, but the support becomes weaker.
Now we expect a breakout until the next support at 0.98000.
We recommend to sell the breakout with a risk-to-reward of 1 to 3.
Thanks and good luck :)!
Trade active:
Ok it is retesting the Support which turned to Resistance. Now we're selling!
Good luck :)
Good luck :)
Trade closed: target reached:
Hi Traders! That was a very nice trade with a profit of 800 points! Keep liking!