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It may retreat from the resistance to the downside, and it is possible that it touches the support line and then ascends again to the upside because it is basically a positive ascending channel as long as it has not been broken yet.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
Hello Saeed lets say for example I were to be trading with $1000 and I take on a trade , how much would you risk per trade $100, $200??? and how many lots would you suggest for $!000. Thank you!
Saeed966
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@knightcitiesinvestments So on Forex the suggested risk is between 2.5% to 5%
PolarHusk
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Testing key resistance level, let us see if the Bulls can break above. Thanks for sharing your idea 🐻❄️😃