Markets been overbought for the last couple weeks breaking resistance consistently,
We're waiting for a significant change in price to occur and for order flow to support the sell,
Patiently waiting for the market to correct itself in some sufficient bearish pressure.
We're waiting for a significant change in price to occur and for order flow to support the sell,
Patiently waiting for the market to correct itself in some sufficient bearish pressure.
Trade active:
The daily candlestick closed as a pinbar, we can collect a earlier entry of 1.62841 and a stop loss of 1.63600. By using rule of thumb when trading off our pinbar, 2.5 x risk gives us a 187 pip profit margin. Expecting to take profit around the 1.61 area.
Trade active:
Short is now live ready for full action, Entries in at 1.63128, 1.62800 and 1.62000 Riding it right down to 1.61 area or our weekly target of 1.59 area.