As you can see on the chart the pair is in a major down trend, it has retraced back up to 1.618 of the previous swing high, and clear indication that it'll go down, that's my initial TP as I will keep an eye on the movement!
Comment:
Major down trend means, trend on the higher time frames, in my case the D
Trade active:
First 15m candle of the hour closed way below the price structure that seemed to bounce off the support area!
Trade active:
On the 15m it seems as price will test the support again, this time very likely to act like a resistance area!
Comment:
Reinforce the trade if it does bounce off the previous structure!
Trade closed manually:
Close trade as price is going up! I will resell if there is any down signal!