MARKET ANALYSIS: The pair is now trading inside a huge falling wedge pattern. The scenario of the falling wedge can breakout the resistance anytime. But still we are trying to short the market near the resistance. So if the resistance is broken we will close the sell trade setup and wait for a better trade setup of the breakout. So lets wait and see what happens in the coming days. Cheers!
P.S: Market does need to give retracement as mentioned in the charts it can go down aggressively too. So use trade style to match the trade setups. Cheers!
P.S: Market does need to give retracement as mentioned in the charts it can go down aggressively too. So use trade style to match the trade setups. Cheers!
Trade active:
Profits ahead!
