Price is currently falling from a major resistance area on this pair.
I have a golden cross on the MACD and the RSI is also curving downwards from the Overbought state.
Here is the play I will be taking on this trade:
ORDER TYPE = MARKET SELL NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 156.911
STOP LOSS = 158.502 - 155 PIPS
TAKE PROFIT = 154.276 - 261 PIPS
I have a golden cross on the MACD and the RSI is also curving downwards from the Overbought state.
Here is the play I will be taking on this trade:
ORDER TYPE = MARKET SELL NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 156.911
STOP LOSS = 158.502 - 155 PIPS
TAKE PROFIT = 154.276 - 261 PIPS