Downtrend Is Resuming!
Updated
Sub Forex Brothas let's kickstarting this weeks with this hot EU chart!
-As you can see on 4-hours chart the price in a falling channel from 2 months, we dig out some pips from it last month==> check it out in related idea, so after 1.1700 major level breaks below I was waiting a chance to short and I guess now we have one!
-RSI is chillin’ like a villain on oversold territory, and the price is getting closer to 1.1700 level also to channel resistance line, you can see clearly how the price got rejected twice before at this structure.
-Selling at this level could give you a sweet risk-to-reward ratio especially when we are aiming around 1.1450 near to a daily support level and above 38.2% fibonacci retracement level.
-In any case, just make sure to practice proper risk management, a’ight?
Good Luck Brothas $$$
-As you can see on 4-hours chart the price in a falling channel from 2 months, we dig out some pips from it last month==> check it out in related idea, so after 1.1700 major level breaks below I was waiting a chance to short and I guess now we have one!
-RSI is chillin’ like a villain on oversold territory, and the price is getting closer to 1.1700 level also to channel resistance line, you can see clearly how the price got rejected twice before at this structure.
-Selling at this level could give you a sweet risk-to-reward ratio especially when we are aiming around 1.1450 near to a daily support level and above 38.2% fibonacci retracement level.
-In any case, just make sure to practice proper risk management, a’ight?
Good Luck Brothas $$$
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