Price is moving in a descending channel taking resistance from the upper band, a down-move till the lower band is expected.
channel is heading towards the major support zone of the broad range (1.3657 - 1.3172).
After getting rejected form major resistance zone, price has shown a nice down-move after, which was followed by a pullback, that was halted at 0.618 level of retracement as market on the chart.
To capture the continued down-move after a pullback.
This is a short trade setup
Sell: 1.3409
SL : 1.3461
TP1: 1.3349
TP2: 1.3304
Strict Risk management should be applied and Position should be sized according to individuals risk appetite.
For Educational Purposes only, Not an Investment Advice
channel is heading towards the major support zone of the broad range (1.3657 - 1.3172).
After getting rejected form major resistance zone, price has shown a nice down-move after, which was followed by a pullback, that was halted at 0.618 level of retracement as market on the chart.
To capture the continued down-move after a pullback.
This is a short trade setup
Sell: 1.3409
SL : 1.3461
TP1: 1.3349
TP2: 1.3304
Strict Risk management should be applied and Position should be sized according to individuals risk appetite.
For Educational Purposes only, Not an Investment Advice
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crazytrades247@gmail.com
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
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Join Telegram Channels for more Trades ideas 🧿
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
🟢For Forex and International Commodities
t.me/CrazyTrades247_FX_International
Connect us
+91-9238387447
crazytrades247@gmail.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.