Hey!
Since February 2018, the overall trend is down and there has been pretty negative news around ECB.
So, the trend is your friend and we have to search for sell opportunities and currently looks like we may get this opportunity pretty soon.
It occurs after the candle close below the round number 1.3000, criteria:
- Break below the triangle
- Break below the round number
- Break below the old 2018 low
- Short-term new lower low
- The trend is your friend
Wait for at least 1H or 4H candle close OR the best scenario would be those together (both 1H and 4H gets a close first time below the 1.3000)
The target would be around 1.2000 but remember - always be less greedy than others. So, just above the 1.2000.
From 1.2000 we might see a bounce because there are a big the FIB level and the round number!
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really appreciate it!
Have a nice day!
All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!