BEARISH Bias:
- DOW in action with series of Lower Highs and Lower Lows
- Price moving in close Descending Channel
- Bearish Hammer around upper edge of Descending Channel
SELL (Close to Upper Boundary of Descending Channel) with:
SL: 1.4441 (Above last Lower High)
TP: 1.4295 (profit around 1:2 ratio)
- DOW in action with series of Lower Highs and Lower Lows
- Price moving in close Descending Channel
- Bearish Hammer around upper edge of Descending Channel
SELL (Close to Upper Boundary of Descending Channel) with:
SL: 1.4441 (Above last Lower High)
TP: 1.4295 (profit around 1:2 ratio)