Retest of trend line at critical spot, short looks very good
I have been following this pair since the descend. There was a nice bear impulse with a nice bearish flag consolidation. I am already in this trade since the descend started, but there is a nice opportunity to sell here IF the consolidation breaks.
Consolidation could have a breakout soon, im looking to sell.
Sell when it breaks consolidation. Happy trading.
Nice bounce back off the previous trend line. Sell the breakout of the consolidation, Sell it all the way down to the next line and wait for breakout of that line for another possible sell setup.
See my last char posted to keep an eye on this pair, well it finally broke the up trend and looks like it has started the descend with a bang. If you aren't in the trade yet, wait for consolidation then sell that break.
Dollar index has broken the February down trend already, next stop is hopefully the next trend line
Sell when break of current channel. TP at the next trend line touch.
Breakout to the downside could see it reach 79
Buy break of top consolidation resistance line. If it breaks to the bottom, then trade is invalid and will wait for sell signal.
The chart looks like a textbook long situation.
Going short on the broken bull trend, its in consolidation and im hoping for a smooth ride to next trend line.