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MDSADI
Apr 16, 2020 3:55 AM

Probable Long on Retest of Broken Descending Channel Long

Euro Fx/U.S. DollarFXCM

Description

We have a ascending support channel in play and a broken descending channel resistance in play

I would like to long structure wise, but a bearish ichimoku crossover is trying to form, i am looking for a quick drop and reversal pin bar candle to enter this long. Right now the momentum is in favor of bears , let's look for rejection and confirmation to take this long

Comment

The back of the descending channel still supporting bullish scenario, very interesting price action
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