This market has been ranging for months and no sign of termination here, albeit recent bullish move widened the channel a bit. Yet now the channel top has been rejected with a classic bearish pinbar, a short is my choice here.
Comment:
Reversed at the 88 level. I'm still in but a daily close above 0.885 will make me close it I suppose.
Comment:
It's taking longer to unfold, but looks like a double top / h&s...
Comment:
Stop loss hit by spike. Setup invalid, this pair is moving in a higher range now, and does not produce good signals at the moment.
Trade closed: stop reached