price has formed medium term bullish channel, an expected retest of the trendline below of the channel is an opening to short for short term
to medium term.
On weekly price is at a vulnerable price level on an inner ascending trendline, a convincing break and retest of this trendline will see price plummet to the initial ascending trendline on weekly.
The current short is a 60-70% probable trade based on a short to medium term channel .
to medium term.
On weekly price is at a vulnerable price level on an inner ascending trendline, a convincing break and retest of this trendline will see price plummet to the initial ascending trendline on weekly.
The current short is a 60-70% probable trade based on a short to medium term channel .
Comment:
trade missed the intended sl by a few pips before jumping back into heavy profit from initial short setup from WEDNESDAY US CLOSE 25/07/2018... still not a safe pair, until higher time frame confirmations setup for continuation to the downside or correction of some sort.
Dollar is still with the bulls.
Dollar is still with the bulls.
Advice-ably this is not a pair to trade at the moment - THE RISK REWARD RATIO is not worth the investment.
INVALID SHORT unit, technical setup on weekly presents in the weeks to come -------- AT THE MOMENT it is more probable to go LONG on a firm retest of the broken resistance as explained above