I posted a chart for a sell on this pair few days ago.
So previously we a crossover between 2 moving averages (shown on chart) which was a good entry for a long term buy. We now have the crossover for a long term sell entry. This pair is still BEARISH, so I have put in a sell limit at 0.74026 i will set this lot size at 0.01 My SL is at 0.76000 And tp will be at around 0.70000-0.69000 Does it make sense?
Also have a short term buy so that will cover up any losses if we break above and hit SL, the buy is a secure trade SL is above entry.
What do you think? If you have any other ideas please share Thanks for looking.