Looking at this pair, I realized that price is ranging inside a big descending triangle
pattern (see daily chart
), so now that price reached a minor support level
, I got short with hope that price go lower until the next support zone
near the 0.9240 level. IF price reaches this level, we would have a beautiful Bat pattern
completing just at that support zone
and near the bottom line of the triangle pattern
(a great place to put stops).
Very nice opportunity for two trades with the hope that price keeps ranging inside the triangle pattern
Good luck guys!