Just an analysis.
Nice daily bullish candle but the pair might still be in a newly formed down channel, at this level is testing also the lower trendline of the previous upward channel.
Wait for a test of the marked area to see if the down channel continues or forms a new up trendline.
Nice daily bullish candle but the pair might still be in a newly formed down channel, at this level is testing also the lower trendline of the previous upward channel.
Wait for a test of the marked area to see if the down channel continues or forms a new up trendline.
Trade active:
Opened short
Trade closed: stop reached