High Rollover rates and like geographical locations cause them to often trade alike against other currencies. Click here to dismiss.
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Potentially a beautiful long term trade. Will be entering with low amount risked and will add to positions as it goes. Respected the trend line multiple times. Will be holding this for at least a few months. Any feedback or criticism is welcome. This seems to look like a high probability trade due to higher time frame support where the potential reversal zone is. However, it's against the trend at the end of the day so take this with caution.
Take profit areas were calculated using a combination of support and resistance along with. If you want a stop loss Daily pullback into the 8ema and 4 hour printing a nice bear flag.
Prince may go down from here. The MACD is negative and below its signal line. The provided price data is indicative and may not be appropriate for trading or decision making purposes. NetDania does not assume any responsibility for any losses incurred from the use of the provided data. NetDania does not endorse or promote any broker or financial service. NetDania is a pure technology provider offering its software with broker integration.
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