Structure: | Breakout
Observation: i. Notice a visual representation of as a line is drawn under lows (indicated with green arrows) showing the prevailing direction of price action.
ii. A breakout taking price action out of the trend occurs at 7.00000 zone (a psychological level) which also coincides with our .
iii . Suspect that the last couple of candles emphasise price action going through a retest in anticipation of downtrend rally.
iv. Price accelerating towards our Moving Averages.
Trading plan: SELL opportunity with a minimum potential profit of 3,500 pips.
Potential Duration: 15 to 25 days
Watch this space or Telegram channel for updates on lower time frames as price action is been monitored.
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