Waiting for the reversal at the supply zone 1.11009 and wait for a bearish candlestick to enter.
-1:3 Risk to reward
- TP level: 1.08766
Let's see what happens at the end of the week!
-1:3 Risk to reward
- TP level: 1.08766
Let's see what happens at the end of the week!
Notes:
- wait for price to retest the resistance descending channel.
-Economic news came out for both EUR and USD.
: EUR-Germany Manufacturing Purchasing Managers Index showed strong results which strengthens the EUR.
:USD-U.S. ISM Manufacturing Purchasing Managers Index showed negative results which weakened USD.
Things to learn-
-Avoid trading with high impact news.
- Always wait for price action to reach a significant level before placing the trade.