This pair broke down and through the kumo at the end of last week as a trend trend is trying to get established.
We are close to a bearish kumo twist, so I would like to see a drawback to resistance to look for a sell entry.
If we can get that drawback and form a good rejection I'll look to enter my short.
I've drawn out a few price structure levels to aim for some partial profit as well as the overall price structure goal.
If we fail to get a good drawback or our bearish confirmations change, this setup may become invalidated.
We are close to a bearish kumo twist, so I would like to see a drawback to resistance to look for a sell entry.
If we can get that drawback and form a good rejection I'll look to enter my short.
I've drawn out a few price structure levels to aim for some partial profit as well as the overall price structure goal.
If we fail to get a good drawback or our bearish confirmations change, this setup may become invalidated.