EXPECTING A RETRACEMENT FOLLOWING FRIDAYS NFP.
THE RESISTANCE LEVEL HAS TESTED MULTIPLE TIMES AND EACH TIME PRICE HAS BEEN HELD DOWN.
AS YOU CAN SEE PRICE IS IN A WEEKLY DOWNTREND, I AM EXPECTING IT TO CONTINUE AND FIND SUPPORT AT THE 200 SMA AREA.
STOP LOSS IS TIGHT
RISK REWARD RATIO IS 6:1
THE RESISTANCE LEVEL HAS TESTED MULTIPLE TIMES AND EACH TIME PRICE HAS BEEN HELD DOWN.
AS YOU CAN SEE PRICE IS IN A WEEKLY DOWNTREND, I AM EXPECTING IT TO CONTINUE AND FIND SUPPORT AT THE 200 SMA AREA.
STOP LOSS IS TIGHT
RISK REWARD RATIO IS 6:1