GA has rejected the 4H TL resistance last week and is trading under support (highlighted in red).
On the 1H chart, price has broken an upward TL.
My idea:
A short from previous level of structure (1.81188) is possible. I'd consider this a break and retest entry.
Entry criteria:
Sell limit will be placed at 1.81188 with a 35 pip stop and a 120 pip TP.
Projected RR:
1:3.43
On the 1H chart, price has broken an upward TL.
My idea:
A short from previous level of structure (1.81188) is possible. I'd consider this a break and retest entry.
Entry criteria:
Sell limit will be placed at 1.81188 with a 35 pip stop and a 120 pip TP.
Projected RR:
1:3.43
Unfortunately, the trade went without us.
Glad to see the analysis played out.