I initially sent out a neutral idea on this pair because i saw a possibility of price pushing up to 1.34939 for a double top before moving down but now i can see some buyers exhaustion at 1.31121 so that should be a possible LH forming.
Now on the H1 i'll be looking to see price break below 1.30927 to confirm price has started moving down and a pull back on the 15m with signs of exhaustion on the candle sticks. At that point i'll be looking to enter a short trade.
NOTE: Red prediction is the one in play while black is the other option that was planned out intending for a double top formation.
Now on the H1 i'll be looking to see price break below 1.30927 to confirm price has started moving down and a pull back on the 15m with signs of exhaustion on the candle sticks. At that point i'll be looking to enter a short trade.
NOTE: Red prediction is the one in play while black is the other option that was planned out intending for a double top formation.
Trade active:
Price has decided to go up. Good thing we had a neutral trade initially planned out. If you did follow up closely then you should be in profits.
