After a nice profitable DT on this pair earlier this week and an attempt to break and close above the resistance level, price has broken the bearish trend on the H1 timeframe, is in potential bearish rotation and is back up to retest the daily resistance level again.
A couple hours ago price cam back in my zone of interest with RSI was oversold. Will now be waiting to see if I get a reason to short that pair again for potentially another very profitable trade if it hits target (depending where I'd get involved I could get up to a 1:2,5 risk to reward ratio.
Let's wait and see!
A couple hours ago price cam back in my zone of interest with RSI was oversold. Will now be waiting to see if I get a reason to short that pair again for potentially another very profitable trade if it hits target (depending where I'd get involved I could get up to a 1:2,5 risk to reward ratio.
Let's wait and see!
Order cancelled:
Checking my charts as I got up to see that last candle closed above the first test of the DT making the pattern invalid.