EURUSD: Sell Opportunity

This is the medium-term trade. The price reached the local resistance at 1.10650 level. The market looks oversold, and if the price breaks the uptrend line, it will be a sell opportunity.

Entry Point: below 1.10535
Stop Loss: above 1.10700
Take Profit: at 1.10200

Risk per trade must be 1% of your capital size.

Commentaire:

if the price moves above 1.10700, this trade won't be workable. We will have to search for new trading opportunities.

Commentaire:

The pending orders for sell were not activated. We should search for other trading opportunities.