According to the higher timeframes (Daily, Weekly), this pair has been forming a rising flag, which is a major indicator of a bearish momentum. For the past few months, the US Dollar has an inflated price, and thus may weaken in the near future, which might make the movement of the chart move downwards. The price touched the uppermost trendline of the flag, and it has bounced significantly. The momentum looks bearish.
Entry @ 1.296
Stop loss @ 1.302
Tp 1 @ 1.290, Tp 2 @ 1.284, and Tp 3 @ 1.278.
R:R is 1 : 3 risking only 1% of the account.
Entry @ 1.296
Stop loss @ 1.302
Tp 1 @ 1.290, Tp 2 @ 1.284, and Tp 3 @ 1.278.
R:R is 1 : 3 risking only 1% of the account.
Trade stängt: målet nått:
TP 1 Hit
Trade stängt: målet nått:
TP 1 Hit
Trade stängt: målet nått