Hello, here we have a possible short setup on the pair. As we can see that the ascending channel is broken and has been successfully retested, i still believe that there will be a longer consolidation on the pair considering the daily is far from overbought conditions and the 4 hour is rising as well and not in the overbought zone.
Comment:
Reversal pattern with divergence
Daily close to being overbought
Comment:
Comment:
Daily and 4 hour overbought along with having divergences. Also reversal pattern formed. Can be a very good selling opportunity
Trade closed: target reached:
All targets hit