StrataOrion

Down Trending Channel – Secondary Inner Channel - Bull Flag

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
85 views
1
Currently, waiting to see temporary bull flag breaks for another test of the "Resistant Trendline" which if respected could see the price being pushed down to 78.6% or 100% Extension represented on the second chart below. But the "Resistant Trendline" fails to keep the price down, then I would change bias to long after price manages to break past 1.06412 level then upon a retest of the "Resistant turn Support Trendline" indicated by the green circle, I would look for a possible entry to the upside.