The impulse to the North broke through the supply zone and formed a possible false breakout. The reverse impulse has not formed. The formation of a double top is quite possible. It’s time to start preparing to sale this pair as we reached the upper boundary of the uptrend channel.
ENTRY PRICE - 106.580
SL - 107.100
TP1 - 105.500
TP2 - 104.900
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
ENTRY PRICE - 106.580
SL - 107.100
TP1 - 105.500
TP2 - 104.900
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
Trade active
Trade closed: stop reached