Hi guys ; ON this pair, we are waiting for breaking down.If the price breaks down the retrace channel, we can expect the price will rise for another descending impulse. Please put your comment and like . If you would like my vision , analysis please follow me thanks guys.
Sell Stop setup - Price broke support line - Price come back retest if does find as resistance - Entry as sell stop order ride the momentum down
Two cases for sell entry: Case one: - Price retest the higher resistance again where been rejected 4 x H1 candle - Wait for price close above as close as to the resistance as possible - Sell stop below the resistance stop above resistance ride the momentum down Case two: - Price unable to retest high but break below recent support - Wait for retest and...
Pair attempted a bullish triangle breakout but failed Price broke out of bottom triangle trendline Price re-tested top resistance level for a sell limit entry Sell Take Profit is a previous support level @ 1.8575 SL above resistance level