Rejection of Trend Line Resistance. *Short*
Hi Traders,
Opportunity has shown its pretty face once again. Clearly there has been rejection of the descending trendline on this currency pair with two different types of doji's forming at resistance.
Trade targets: First one is set at 1.4075 (first level of support)
Second target is slightly above the lows (1.3830) set at 1.3915
Stop: Slightly above this weeks high at 1.4510
Good luck guys. =)
Opportunity has shown its pretty face once again. Clearly there has been rejection of the descending trendline on this currency pair with two different types of doji's forming at resistance.
Trade targets: First one is set at 1.4075 (first level of support)
Second target is slightly above the lows (1.3830) set at 1.3915
Stop: Slightly above this weeks high at 1.4510
Good luck guys. =)
