Looking at the continuing bearish bias on the pair and break of the ascending trend line I am considering shorting this pair with an aim of reaching previous lows as an overall target.
After retesting the resistance price has broken down through an ascending trend line. I will be looking for a break of the current support area followed by a continuation set up on the lower timeframes for a short trade on this pair.
After price made a double bottom pattern and broke out of the longer term descending trend line I will be looking for a retest of resistance turned support zone and a buy set up on the lower timeframes
After price made a double top formation and broke down below my ascending trend line I will be looking for sell set ups on the lower timeframes to ride price down to the lower channel support
Price has reversed from resistance a broken down below the ascending trendline. I will be looking for a retest and lower timeframe bearish setup to confirm further moves towards the Fibonacci extension levels.
