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This pair appears to have been rejection below my 50-EMA. This makes it obvious it is still downtrend on D1
time frame. The best approach is to look for sell setups more. Any pullback up is to further sell. This setup will
be invalidated if the 50-EMA ceases to be a resistance and price opens and closes above @1.480 repeatedly on
same time frame - D1.
But ensure you apply proper risk and money management and stick to the disclaimer!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
This pair appears to have been rejection below my 50-EMA. This makes it obvious it is still downtrend on D1
time frame. The best approach is to look for sell setups more. Any pullback up is to further sell. This setup will
be invalidated if the 50-EMA ceases to be a resistance and price opens and closes above @1.480 repeatedly on
same time frame - D1.
But ensure you apply proper risk and money management and stick to the disclaimer!
DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.