Short on this pair -
1) Clear downtrend with lower highs
2) Formation of a descending triangle showing selling pressure.
3) Price action showing bearish momentum with engulfings.
4) Break of a key support level where price rejected numerous times.
5) Bearish candle failing to close above key support line.
1) Clear downtrend with lower highs
2) Formation of a descending triangle showing selling pressure.
3) Price action showing bearish momentum with engulfings.
4) Break of a key support level where price rejected numerous times.
5) Bearish candle failing to close above key support line.
Comment:
120 pips in profit, SL moved to BE.
