The pair has formed a double top on the daily time frame near the upper channel. MACD-H Shows weakness of the bulls at the right side. this confluence a bullish divergence.Price pulled back @ 61.8 % feb
on the 4H TF the last three bars failed to break above the 61.8 resulting a formation of long wicks and had made a lower low highs indicating the weakness of bulls power. my entry will be based on the 4H TF will enter below the low of last bar( which is an inside bar) at 1.33767 SL Above the three wicks at 1.34050. tp near channel low at 1.33145
on the 4H TF the last three bars failed to break above the 61.8 resulting a formation of long wicks and had made a lower low highs indicating the weakness of bulls power. my entry will be based on the 4H TF will enter below the low of last bar( which is an inside bar) at 1.33767 SL Above the three wicks at 1.34050. tp near channel low at 1.33145
Trade closed: target reached