Time Frame: Daily
Symbol: EURUSD
Bias: Short
Cable is going down as we see a clear down trend from the dynamic resistance generated from the simple moving averages of 30,50 and 100. As we are totally biased for short, we project and plan a short trade but there is also a scope of strong very short term upward swings. As a wise trader, a proper money management is necessary to avail the opportunity if reward risk ratio is wider.
Symbol: EURUSD
Bias: Short
Cable is going down as we see a clear down trend from the dynamic resistance generated from the simple moving averages of 30,50 and 100. As we are totally biased for short, we project and plan a short trade but there is also a scope of strong very short term upward swings. As a wise trader, a proper money management is necessary to avail the opportunity if reward risk ratio is wider.
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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.
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.