Price testes resistance and got rejected, I expect price a move down all the way to 1.34000 in the next months... this is a long term trade and the sl is about 170 pips but I think its worth it..... previously price was able to break the resistance but the breakout wasn't strong enough, now we can see a recent bearish rejection candle ( or pin bar ) formed which is telling us that price wants to go down, we might see a little correction in lower timeframes maybe 1 hr but I think a sell stop would be a good entry at 1.42100.
"The forex market is the transfer of money form the impatient to the patient"
"The forex market is the transfer of money form the impatient to the patient"
Trade active
