now its time to short entry 0.06005 stop 0.6030 tp 0.59250 if so then we'll talk about the long option
sell after the red line be broken down
i'd set a short trade in last contracting period but my big picture is still bullish to 7400-7600 levels
just a test not an advice but comments will be good
if i caught the right tail a sharp downmove expected to at around 7.4 k then butterfly trade may be considered. in the bigger tf P&F chart is forming a triangle and it may be a bearish one if so after the retest(butterfly trade targets) we may see 7 k
red rectangle area is a support based on p&f chart
direction : downtrend bearish pin bar appeared and price has been rejected at a resistance the resistance is based on P&F chart(tripple botoom activated) and moving averages