Entry: 0.86030
TP1: 0.8383
TP2: 0.82
SL: 0.865
There is a good chance price will reverse the medium-term uptrend from this current level and continue the long-term downtrend to our institutional support level around 0.82. Daily RSI well overbought, arrived at weekly 200 moving average, arrived at major resistance level, retesting long-term down trending line level.
TP1: 0.8383
TP2: 0.82
SL: 0.865
There is a good chance price will reverse the medium-term uptrend from this current level and continue the long-term downtrend to our institutional support level around 0.82. Daily RSI well overbought, arrived at weekly 200 moving average, arrived at major resistance level, retesting long-term down trending line level.
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TP1 Hit, price still looks good to fall to 0.82 levelsTrade closed: target reached
Closing this trade a bit earlyDisclaimer
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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.