Based on the chart, price for the third times reached a major resistance area and rejected. So based on these rejections, it seems to be a good trading area with low risk and high gain. Also the candlestick movements are getting weaker which can be a good sign for sellers.
So based on this scenario I prefer to be seller at this area which can have good risk reward ratio.
Note1: Selling on highs of the chart, can be a good trading way for this currency pairs for the following days.
Note2: Please take risk management rules into consideration before opening any position on the market.
Good Luck!
So based on this scenario I prefer to be seller at this area which can have good risk reward ratio.
Note1: Selling on highs of the chart, can be a good trading way for this currency pairs for the following days.
Note2: Please take risk management rules into consideration before opening any position on the market.
Good Luck!