Place a pending sell limit order at 1.1425 | 16 Agustus 2018

16 Agustus 2018, EUR/USD

Place a pendiong sell limit order at 1.1425;

Technical Observation

After breaking below the supportive trendline, Eur pulled back to the same line twice but could not break any higher. While the price is below this trend line, I expect a possible bounce from it to pick another short position. ideal here is not to go short now, but to wait for a third pullback to the same line then pick that position. You could technical place a pending sell limit order around 1.1425 with your stop loss above 1.1495. With this position, you take profit should be fixed somewhere around 1.10 and the next at 1.001.

Trade Signal

Place a pending sell limit order at 1.1425

101% Double the volume

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Imelda Maseno
Analyst of «FreshForex» company
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