So im still holding a sell and im about -30 pips in the hole. Remember this pair moves a little faster than others.
Major RSI Divergence Still Exists and Indicators highly suggest a reversal will happen soon! I sold after price touched Weekly Resistance and Dropped forming a Strong Bearish Pinbar on the weekly.
Also sold on what appeared to be a trend line breakout on the daily time frame.
My stop loss is above weekly resistance at around 70 pips and my take profit is 350 pips.
At Worst That could happen is we get a daily Double Top and then another drop(Weekly has a triple top if you look closely) ...
So This trade could take longer than expected! Im holding throughout the week.
Major RSI Divergence Still Exists and Indicators highly suggest a reversal will happen soon! I sold after price touched Weekly Resistance and Dropped forming a Strong Bearish Pinbar on the weekly.
Also sold on what appeared to be a trend line breakout on the daily time frame.
My stop loss is above weekly resistance at around 70 pips and my take profit is 350 pips.
At Worst That could happen is we get a daily Double Top and then another drop(Weekly has a triple top if you look closely) ...
So This trade could take longer than expected! Im holding throughout the week.
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