There is a long Descending Triangle Pattern. Now the price break the neckline aka the strong support line. After breaking this stong support line, we see a slight pullback back on the support line and heading downward.
There is a high probability that it will continue moving down.
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Short now
EP: 1.43907 SL: 1.46620 TP: 1.41928
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We remain bearish as long as the 1.446x level can hold the price. Another resistance level can watch will be on the Trend Line near 1.472x level.
Besides, if there is a better bearish signal appeared, it would be a good signal to add on shorting position. :)
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The price bounce from resistance line and moving down.
We add on short position EP: 1.43158 SL: 1.44683 TP: 1.41557
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Our 1st trade is approaching our TP. We decided to close it with profit of 168 pips.
And for 2nd trade, we move our SL to breakeven SL. So it is now a risk free trade. :)
Yorum
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Btw, we so enjoy some profit from the positive swap :)
İşlem kapandı: hedefe ulaştı
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2nd trade also hit our TP. Take profit of 129 pips together with some positive swap :)