As you know, I have maintained a bearish bias on this pair for a LONG time now.
Expecting a move down to 1.040.
Here is an opportunity to short from a higher time frame perspective.
Following the new low, we have a pull back into structure, a test of the EMA zone, a test of the 50 EMA, deceleration and a Doji signal for orders.
Nice reward to risk on this one at just over a 3 to 1 R:R.
Good luck!
JG
Expecting a move down to 1.040.
Here is an opportunity to short from a higher time frame perspective.
Following the new low, we have a pull back into structure, a test of the EMA zone, a test of the 50 EMA, deceleration and a Doji signal for orders.
Nice reward to risk on this one at just over a 3 to 1 R:R.
Good luck!
JG