Trading Idea (in case of a Triangle break, as ABC pattern failed)
Short Entry
Sell Stop order at 1.5025 Target: 1.4950 Stop Loss: 1.5100
I suggest also use a timing stop loss, in case, if the price will not continue to go down after a level break in 8 hours, jst close the position.
The move is possible, as the price didn't have enough momentum to go up, and In case if the "Big players" will be entering market Long, they will Use a Better Entry, which is 1.5100 at the moment. So it does look quite safe.
Correct me if i'm wrong, current support price = 1.49252
Marenno
⋅
495 - is broken, at the moment it is a resistance line, the present support line is a monthly support area (as I'm a believer - there is no Lines in the markets, but areas) at 1.4825.