Monthly resistance triggered with a double top in June and a retest of major monthly structure as shown in the chart below:
We have a breakdown on the daily time frame. Any retracement into the minor red zone would be a spot to add into if it goes there.
Targets could extend into the mid-high 1.20s based on the monthly
We have a breakdown on the daily time frame. Any retracement into the minor red zone would be a spot to add into if it goes there.
Targets could extend into the mid-high 1.20s based on the monthly
Trade closed: stop reached:
failed breakdown on the daily. Could retest 1.40s where I'd look to get short again