3 Step Ladder Setup

This setup tends to have a high probability. It's when we get 3 attempts to break recent high and we fail and form a 3 step like formation. This formation has typically given us a high probability of failure and resumption of the trend which we feel is bearish here on this pair. We have been short on this pair and this gives an opportunity to open a short position or add to your existing position.

This is just our opinion.

-TRADEPLICITY

Comment:

We are still holding our short position.