The price is failing to is finding resistance at the upper line of the ascending channel and is failing to create new highs.
In addition to that the price is also creating a head and shoulder top reversal pattern which when combined with the ascending channel setup
gives as a reason to consider for short trades. We set our pending orders below the current support line expecting the price to come there
and get us into the market. Our entry and exists are as indicated on the chart. We know what we are doing and we do what the market is doing. This is more than an institutional analysis.Invest wisely. Thank you for following NewJerusalemForex on Tradingview.
In addition to that the price is also creating a head and shoulder top reversal pattern which when combined with the ascending channel setup
gives as a reason to consider for short trades. We set our pending orders below the current support line expecting the price to come there
and get us into the market. Our entry and exists are as indicated on the chart. We know what we are doing and we do what the market is doing. This is more than an institutional analysis.Invest wisely. Thank you for following NewJerusalemForex on Tradingview.