In a Downtrend, Sell a Rally
Student’s Comment:
I found this exercise to be rather difficult. I feel like I am just guessing but, based on the downward trend and with the resistance level being hit, I would sell short with a stop at 90.918 and a limit at 87.918.
Invest2forex.com accepts no liability whatsoever for any direct, indirect or consequential loss arising from the use of this forex report or its content. Any forecasts are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. This report is not to be construed as providing investment services in any jurisdiction where the provision of such services would be illegal. Nothing herein shall be construed as a recommendation to buy or sell any financial instrument or security. This communication prepared by leading forex brokers is for information purposes only. Investors should also consider this report as only a single factor in making their decision to make currency investment in managed accounts