Continuation of the bearish channel.
At least 1 last leg down for target.
Stop at the top of the last bearish leg down (4 Hour) for best probability.
Otherwise there's a pullback on the 5 minutes which is another stop (shorter distance but lower probability).
100- 120 pips safe target.
At least 1 last leg down for target.
Stop at the top of the last bearish leg down (4 Hour) for best probability.
Otherwise there's a pullback on the 5 minutes which is another stop (shorter distance but lower probability).
100- 120 pips safe target.
Comment:
We are in a Trading Range too. A low risk move might be to short at the top of this range which should be at the top of the channel too.
Otherwise, if bulls are too strong we might break to the upside.
Otherwise, if bulls are too strong we might break to the upside.
Comment:
Looks good for short continuation. But keep in mind there's a potential reversal if there's enough buying power.
Only way i'd short now is on a sell stop below the low.