Hello Traders here is an idea on possible micro Divergence and continuation of the downtrend of this pair, as you can see the pairhas been on a down trend and the retracement seems to be losing power, also it is showing a double top
, you can see a Bearish engulfing
candle wich price action has respected its high for the past 3 days, and also the low.
So the plan is to sell as we break that engulfing
candle low about 79.125, with targets going to KS, the stop would be above the high of the previous candle that activated the trade.
If we pass the engulfing
candle high before entering the trade, the idea is invalidated, other wise we wait for our trade set up