Yesterday I have Entered this trade with 5 pips stop loss using 2% of my bank account. Currently it moved 50 pips in my direction. I just put it a bit above breakeven.
Entry Reasons:
On Montly/Weekly we can see that:
1) The price is slowing down.
2) On weekly chart we can see a Falling wedge formation.
3) Plus it is on monthly support level.
4) Also we can see the RSI MACD Divergence.
So, in summary on technical side this pair is bullish. Will closely look at its fundamentals in process.
My entry was: 0.83101
My Sl: 0.83151
My TP: 0.85601
PS: I wont move my SL to make the price more space to move.
Will Update frequently.
Entry Reasons:
On Montly/Weekly we can see that:
1) The price is slowing down.
2) On weekly chart we can see a Falling wedge formation.
3) Plus it is on monthly support level.
4) Also we can see the RSI MACD Divergence.
So, in summary on technical side this pair is bullish. Will closely look at its fundamentals in process.
My entry was: 0.83101
My Sl: 0.83151
My TP: 0.85601
PS: I wont move my SL to make the price more space to move.
Will Update frequently.