I have been watching this pair for the past 2 weeks, as it has been grinding lower. Recently it has been consolidating around 0.9820 region. It has now broken below the trendline, it is already below the 200dma and the final hurdle is the strong support zone that I have marked. A break and close below the zone will encourage me to take a short to the next support located in the 0.9490 area.
Always use sound money and risk management and stay patient in all your trades.
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Always use sound money and risk management and stay patient in all your trades.
If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
交易進行:
Price action does not seem to support my view, actually it's all sideways and directionless. My trade has not triggered yet and I may close the pending order if the same situation persists this week.