currently in a down trend and looking like a reversal at the W1/D1 resistance line around .67800, as well as RSI indicating a possible oversold situation. having just finished a W formation, I'm expecting price to retest the major W1/D1 support level around .66900 .. ill be looking to enter a SELL position if the next H4 candle closes below the previous candle.
Red line represents the resistance level
Red dotted line represents stop loss
Blue dotted line represents the entry point
Green line represents major support / take profit level
Entry .67640
SL .67850
TP .66900
Red line represents the resistance level
Red dotted line represents stop loss
Blue dotted line represents the entry point
Green line represents major support / take profit level
Entry .67640
SL .67850
TP .66900
Trade active