With price rejecting resistance levels, the break out of channel confirming that the Bulls lost strength. I will look for a re-test of the previous Highs, once I have an entry signal I will enter Short in the market with excellent Risk/Reward. Look for Targets 0.734 and 0.731 area. RSI showing Bullish Divergence, price can retrace but expect a change of trend to the down-side because on 4HR the Market is at Highs of the Main channel.
Comment
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Ma5rket went 40 pips away from reaching SellZone, before making its way South
Trade closed manually
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Market went 40 pips away from reaching SellZone, before making its way South