Price action managed to find support and avoid the bearishness previously forecasted, currently supported by a confluence zone where descending trend line and support met.
If the current zone manages to avoid a breakout, it will give a bullish bias to the pair with a beautiful R:R ratio as the price could reach new high at the next resistance level, a long entry is set to capture the upward movement to come.
The order:
Type: sell-stop
S/L: 24 pips - R:R | 1:4.5 -
T/P: next resistance level
--
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If the current zone manages to avoid a breakout, it will give a bullish bias to the pair with a beautiful R:R ratio as the price could reach new high at the next resistance level, a long entry is set to capture the upward movement to come.
The order:
Type: sell-stop
S/L: 24 pips - R:R | 1:4.5 -
T/P: next resistance level
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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