Price action on daily gives signs of bearishness:
* lower highs
* interaction with previous support/resistance
* interaction with upper linear regression channel
* bearish reversal candle
Stop loss above the daily high on the 11th June 0.7494
Initial profit taking of roughly 1.5:1 reward to risk around the mean of the linear regression channel.
Confirming details on lower timeframes, although not covered in the video.
* lower highs
* interaction with previous support/resistance
* interaction with upper linear regression channel
* bearish reversal candle
Stop loss above the daily high on the 11th June 0.7494
Initial profit taking of roughly 1.5:1 reward to risk around the mean of the linear regression channel.
Confirming details on lower timeframes, although not covered in the video.
Trade closed: target reached:
Going for the 1:1 reward:risk, this trade has closed out