Price is currently testing the 200MA and fighting to break it while acting a resistance level from the weekly realm. The pair's strong bullish bias remains intact, but we could expect a healthy correction to gain additional force to continue its uptrend movement.
Now, dipping into H4, confirmation needs to happen before placing a short entry. Price should break the ascending trendline and retest it to have a valid sell order.
The order:
Type: sell-stop
S/L: 70 pips - R:R | 1:2.3 -
T/P: previous resistance level
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Now, dipping into H4, confirmation needs to happen before placing a short entry. Price should break the ascending trendline and retest it to have a valid sell order.
The order:
Type: sell-stop
S/L: 70 pips - R:R | 1:2.3 -
T/P: previous resistance level
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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