Description
⋅ We had a beautiful break of the up trend line with a retest and reject to the south.
USDOLLAR about to reverse from lows to highs, expecting this pair to fall lower. But first we wait for a good sell entry.
Support area has been broken and now acts as new resistance. Remember: Past support becomes future resistance, past resistance becomes future support.
Entry @ 1894.00
TP 1 @ 1853.00
TP 2 @ 1803.55
Good luck and let me know if there are any questions.
Charles V
CVFX Management
Comment
⋅ Sell entry hit.
Comment
⋅ Price retesting past resistance area.
Comment
⋅ Both TPs taken.