Monitoring price reaction at area support (previously resistance). Price are still in bullish channel, expecting to test higher at 0.92505.
Price action at current level are crucial for the next trade ideas.
Bias more on the upside, however potential break will side a downside move testing 0.90330.
Price at support zone. Stochastic are trying to break from mid level. Also, there is bullish divergence shown in Stochastic.
However, I prefer to see the price to break certain high before enter to BUY.
I believe the opportunity to sell is here already. Price are now at resistance level, bearish candlestick and follow the major trend of bearish.
However, always use stop loss and good money management as that is the holy grail of trading.
And I also believe in entering trade when the risk-reward is lucrative enough to go in.
Overall trend is still downtrend in daily time frame as price making lower high. However, should wait for signal from Stochastic and bearish reversal candle for short position.
Stop Loss - 0.78715
Take Profit - 0.77829