Although price action was able to bounce back from the 50EMA, the bearish momentum in the pair remains. MACD is showing a strong downtrend momentum for bearish bias confirmation.
To capture this bearish bias, a sell-top entry could be placed, allowing the following setup.
Price in consolidation after a bounce from EMA
The order:
Type: sell-stop.
S/L: 63 pips - R:R | 1:2 -
T/P: aiming for the previous resistance level
To capture this bearish bias, a sell-top entry could be placed, allowing the following setup.
Price in consolidation after a bounce from EMA
The order:
Type: sell-stop.
S/L: 63 pips - R:R | 1:2 -
T/P: aiming for the previous resistance level
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
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.
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
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.