Descending wedge that I would prefer to be on the short side once it breaks that support level because it will be a sharp drop. If it bounces along that support we can expect a grind upwards.
Trade active:
Short position @ 1.5037
Trade closed manually:
I moved my stop up to 1.49265 and got hit since the sharp drop I was looking for was over.
Comment:
There could be another push but I see a retracement coming for euro and yen pairs so I want to stay liquid.