Shorting based on broken trendline, the trendline is being tested as I write this. Am expecting some consolidation in the consolidation box and a rally to the downside.
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Divergence in 1hr timeframe.
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that drop !
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taking some profit, will sell again after minor pullback.
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We took profit at perfect time. the price is touching the trend line once again and its perfect opportunity to short with a SL right above the trend line (green line).
We scored a total of 112 pips on this pair so far.
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Trade closed: stop reached
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we lost about 60 pips and made about 52 pips. loss of 8 pips