Simple breakout trade, i will sell when the price go below the blue line. also stochastic shows price drop.
Watching the price to pull back to 50 fab level and bounce up to break the down trend line before i enter long trade to the next supply zone. if level 50,61.80 did not hold and price was not able to break down trend line so this idea is not valid.
Pair in down trend with potential double top pattern. stochastic shows over buy area
bullish pin bar in Weekly Chart that support buying trade (check weekly chart below). in H4 chart price bounce back from level 50 fab. i will watch 1.19623 as i expect strong major drop. i will also watch the news this week carefully.