Price has tested the upper boundary of the descending channel but has respected it for the most part. Price is showing some strength to the downside as well. We will have to see how the price treats support and whether it can hold or not. I personally think that price might consolidate at support for a little and then continue down to the TP I have listed. I'll make a decision about a trade once price has shown me where it wants to go. Here are my numbers for the trade.
Entry - 0.73200
Bullish Stop Loss - 0.72721
Bullish Take Profit - 0.74000
Bearish Stop Loss - 0.73764
Bearish Take Profit - 0.72046
Risk - 1%
R/R - 2
As always,
Stay safe and stick with your plan.
Entry - 0.73200
Bullish Stop Loss - 0.72721
Bullish Take Profit - 0.74000
Bearish Stop Loss - 0.73764
Bearish Take Profit - 0.72046
Risk - 1%
R/R - 2
As always,
Stay safe and stick with your plan.
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