This signal is intended for traders who like to be constantly on the move and the reason is:
We are in a clear downtrend and in the long term it is preferable to trade with the trend, but we have reached the so-called Oversold according to Stochastic indicator, usually, its appearance after many days of undeclared declines as in our case.
We target market correction with a higher risk position.
Entry price: 1.2689
Take profit: 1.2770
Stop loss: 1.2650
We are in a clear downtrend and in the long term it is preferable to trade with the trend, but we have reached the so-called Oversold according to Stochastic indicator, usually, its appearance after many days of undeclared declines as in our case.
We target market correction with a higher risk position.
Entry price: 1.2689
Take profit: 1.2770
Stop loss: 1.2650