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After a drive downside, price has come to test broken key area of previous support now attempting as a resistance
and that was where this sell position was initiated. Watch out for the key level @110.70//@111.00.
Also a bullish three-line strike candlestick pattern could have be spotted. This usually gives rise to a long bearish
candlestick after previously formed three consecutive bullish candlesticks, cancelling all their previous buy moves
- the need for the name "three line strike".
But, know that nothing is certain or fixed in this market. So, stay safe and use proper risk management. Don't forget
the disclaimer below too!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
After a drive downside, price has come to test broken key area of previous support now attempting as a resistance
and that was where this sell position was initiated. Watch out for the key level @110.70//@111.00.
Also a bullish three-line strike candlestick pattern could have be spotted. This usually gives rise to a long bearish
candlestick after previously formed three consecutive bullish candlesticks, cancelling all their previous buy moves
- the need for the name "three line strike".
But, know that nothing is certain or fixed in this market. So, stay safe and use proper risk management. Don't forget
the disclaimer below too!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.