The price action has respected the descending trendline and form a bearish pin bar to confirm a downward pressure in the pair. The price structure allows the setup for a short entry with the following characteristics.
The order:
Type: sell-stop
S/L: 38 pips - R:R | 1:3 -
T/P: support zone towards the ascending trendline
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The order:
Type: sell-stop
S/L: 38 pips - R:R | 1:3 -
T/P: support zone towards the ascending trendline
--
*** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
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