Price failed to break the high of yesterday during Asian time when London opened which clearly shown a bearish day. Currently price is sitting on the previous support level and it might go up to retest 1.5835 with next to 1.5950 if the support hold.
If price was to break below the support level of 1.5750, next support level will be 1.5700 followed by 1.5650. If that were to be happened, most likely we will be seeing her going south further.
Major trend is up. Immediate trend is down (retracement)
Immediate Support level : 1.5750
Immediate Resistance level : 1.5835
Spotted a doji followed by red bearish candle and place a pending sell order.
If price was to break below the support level of 1.5750, next support level will be 1.5700 followed by 1.5650. If that were to be happened, most likely we will be seeing her going south further.
Major trend is up. Immediate trend is down (retracement)
Immediate Support level : 1.5750
Immediate Resistance level : 1.5835
Spotted a doji followed by red bearish candle and place a pending sell order.
EP : 1.5775
SL : 1.5800
TP : 1.5725
RRR 1 : 2
Moved SL to 1.5750 when i was about 40pips in the money. Missed the TP by 0.2pips else i would have hit it. After that price went back up and hit my SL.
Profit: 25 pips
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