The pair is clearly under sellers' pressure after the breakout of the ascending trendline and price structure trading within a channel. The death-cross can also confirm the bearish bias between the EMA and prompt to happen with the SMA 200.
Price pullback to retest the broken area will trigger a sell limit order to capture the downward movement towards the support zone.
The order:
Type: sell-limit
S/L: 32 pips - R:R | 1:2 -
T/P: support zone
--
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Price pullback to retest the broken area will trigger a sell limit order to capture the downward movement towards the support zone.
The order:
Type: sell-limit
S/L: 32 pips - R:R | 1:2 -
T/P: support zone
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
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