Long or Short: Short
Entry point: around 1.5880
Stop loss: 1.5940
Profit targets: first take profit at 1.5780; second take profit at 1.5700
Reward-to-risk ratio: 3:1 (reward: 180 pips - risk: 60 pips)
Risk percentage: 1%
Indicators: Exponential Moving Average 200 (EMA200); Stochastic Oscillator
Trade rationale: EMA200 says that the pair is moving in a range and now the pair is located in the upper part of the range, then Stochastic Oscillator shows an overbought… so just sell!
Trade adjustments: nothing… just take a look at fundamentals!
Good luck to everybody :57: