We had a great selling opportunity yesterday
Now it's too late!
We expect that this downside move will continue down to 1,1700, however we suggest that you stay away from selling.
Why?
-in best case scenario you get RRR of 1:1 and we're looking for a greater one
-price is heading down to a strong support which means we could see reversal at any time
-Powell is about to testify before the congress
-there is a better opportunity on another USD currency pair
Everyone who's got short trades from yesterday could move their SL just above 1,1850!
Follow us for more trading ideas!
Now it's too late!
We expect that this downside move will continue down to 1,1700, however we suggest that you stay away from selling.
Why?
-in best case scenario you get RRR of 1:1 and we're looking for a greater one
-price is heading down to a strong support which means we could see reversal at any time
-Powell is about to testify before the congress
-there is a better opportunity on another USD currency pair
Everyone who's got short trades from yesterday could move their SL just above 1,1850!
Follow us for more trading ideas!
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
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.
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
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.