After the breakout and retest of the ascending trendline, the pair shows confirmation of a bearish bias. We could now expect a retracement towards the consolidation area and previous resistance level to further downward movement towards the previous low.
The short setup could have the following elements.
The order:
Type: sell-limit
S/L: 27 pips - R:R | 1:3 -
T/P: support level
--
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The short setup could have the following elements.
The order:
Type: sell-limit
S/L: 27 pips - R:R | 1:3 -
T/P: support level
--
*** 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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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
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FACEBOOK
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FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.