Short off the High Monthly Resistance.
Reasons For Shorting:
1. Based on Special EMA Indicator.
2. Bearish Engulfing Pattern + Doji on the 4H Chart.
3. Market tested resistance and breaking support.
Going for 1 position at 50 pips profit.
2nd position to run till 0.74500.
I hope you guys enjoyed my first confirmation for this trade. In this chart, we are looking to go into a few Key Levels.
The Price has already broken the first layer of price at 1.9000 with a Large Engulfing Candle on the Weekly. There's strong momentum to the downside, but as always, there will be Pullbacks here
and there. So set your Stop Loss comfortably. Let...