-Firstly as we can see on higher time frames we are down trending
-We have come to our key level at 0.75000 and shown a strong level of RES numerous times
-Also our Fibonacci Lines up perfectly with our key level which price has reacted to at 61.8% level
-Now the retrace is over we can look to go short !
-Also We are in a corrective structure ! selling the break of the channel would be the best thing to do if you want to be conservative !
-Also the overall look of price action in this area is very
If we go to the daily we have been in a area of congestion at 0.7500 which gives me we are ready for the last impulse to the down side
Trade with care with guys
1-2% Risk :)
Sorry man..maybe im totally wrong..im just basing it on the time frames. Maybe it's bearish on the 60min or 15min...on the 240 it seems to be moving in a bullish direction...for now