Hi Traders,
This currency pair is respecting the downtrend channel, which indicates a strong downside. At the moment, the price appears to have completed the retracement and is continuing to push lower, with multiple rejection candles printed over the last few hours. Additionally, Sto-RSI is dropping below 80%.
Here is my SELL entry is at $153.772, with a stop loss at $155.50 and a take profit at $140.00. The risk/reward ratio is 1:8.
This currency pair is respecting the downtrend channel, which indicates a strong downside. At the moment, the price appears to have completed the retracement and is continuing to push lower, with multiple rejection candles printed over the last few hours. Additionally, Sto-RSI is dropping below 80%.
Here is my SELL entry is at $153.772, with a stop loss at $155.50 and a take profit at $140.00. The risk/reward ratio is 1:8.
Trade closed manually
RSI shows upside. take profit and leave the market
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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.