Still playing nicely to the Pitchfork (idea linked) resistance on Daily timeframe.
We could potentially see strength in Dollar this week for either a correction or a reversal. I would be looking to short this pair on H1 or H4.
We could potentially see strength in Dollar this week for either a correction or a reversal. I would be looking to short this pair on H1 or H4.
Comment:
Monthly view: Crucial resistance level
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Triple top on H4 can be seen on original chart too.
Trade active
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We may see some minor support from H1 ascending trendline.
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Break and re-test done. More downside to come, let's see how it goes.
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Took partial profits, +70 pips
Trade closed manually:
Closed all positions
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Will be looking to re-enter short on this pair