I've been anticipating this point for this pair for a while now.
It's finally reached my Channel resistance point while also showing bearish divergence on the 4H and 1H RSI. I have a Sell Stop order pending with an entry as shown. My TP will be near the channel support (Yellow Line).
Total R:R of position shown: 4.78
Comments
WsbGlobalTeam
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This DIVERGENCE placebo because there is no sign of falling. These defections feel the pulse .. i think more up .... direction to 164.70 ---> 165.96 -----> Final to :
169.25
QuileHills
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That's why I'm using a Sell Stop order rather than market or Sell Limit.
169.25