- oberbought on the first test
- divergence on the retest
- price at previous structure and quite close to the top of the wedge/pennant on the
- 1.414 fib extension
Aggressive traders would have shorted the pair on the previous candle, while conservative traders would wait for the current candle to give us a lower low lower close. Extremely conservative traders will wait for a 2618 setup (break to the downside than move up to the ).
Both aggressives entries offers a really nice risk to reward ratio with either 1 or 2 targets at the 382 and , which both aligns with previous structure.