Looking at the ascending channel that’s formed which is also in confluences of downward trendline that is marked with the arrow tool ; the ascending channel depicts a downward movement coupled with the confluence of the third touch on the Trendline marked with the arrow tool . The recent priced formed is also giving a wick rejection on the 23000 psychological...
An ascending channel has been formed which is also matching with the psychological level 22500 which depicting that a downward move is about to occur…However, inside the channel a descending channel has been formed which would make price correct to the upside to merge with price level on the psychological level 22500 to form a double top, therefore a downward...
After price created a descending chart pattern which is further depicting a movement to the upside… the bullish candle on the 15mins Timeframe is a clear signal to enter the market..
1st TP : 1.25209 , 2nd TP : 1.25599 with a 20 pips Stop Loss
After price broke through the ascending channel and also giving a confluence on the resistance zone , it depicted a sell set up … with a proper risk management of 20pips Stop Loss
