Price is close to major resistance at 0.7565 (Fibonacci retracement, Fibonacci projection, horizontal resistance) where we expect a reaction from for a drop to 0.7525 before 0.7500. The strategy is to take half profit at 0.7525 and move your stop to breakeven. Then play the further drop to 0.7500.
RSI (21) has made a bearish exit of its ascending support-turned-resistance line triggering a bearish move from here.
Sell below 0.7565. Stop loss is at 0.7590. 1st take profit is at 0.7525. 2nd take profit is at 0.7500.
From www.instaforex.com http://ift.tt/2cQvNQj
No comments:
Post a Comment