We recently made a slightly higher high, and have come back down to a trend line.
There is also a harmonic pattern completeing in the area. Ill be looking for buy opportunities in the PRZ and trendline.
I had 2 trades on this pair yesterday at the same price level. Price recently dipped below the Quarter Point and retraced back up twice giving us 2 good sell opportunities.
Last night price dipped again and made a Lower Low and came back up to the same Quarter Point price level.
Sell limit set for 1.7000
Price dipped below structure last night then retraced back up. I had sell limit orders set @1.6975 and 1.7025 - the ranges of the QP box.
Each trade had 25 pip stoploss and were closed 80-100 pips in profit.