Bearish Continuation!

2020-03-02 03:27:14

I expect the trend to continue downwards for this pair. On the monthly we closed well below our Tenkan level and the Lagging is free to dive. The weekly since 13 January has been obeying the boundary of our SSA and last week was no exception. Entry here will be done on the H4 after pullback to the yellow zone. This increases our RR and also increases confluence of the price obeying bearish structure.

Entry: 2 positions @ 119.595
SL: 120.072
TP1: 118.015 (RR-3.58)
TP2: 116.415 (RR-6.88)

Remember risk management is the key to stay long in the game!