Price making its 3rd touch to its downtrend line. Lower high completed as well as 61.8 retracement, now looking for a lower low to form. Price is at consolidation resistance, looks like it may be ready to short during the next 4 hour candle. Aggressive traders can take this if the candle closes below 1.73000 & conservative traders can wait for a break out of consolidation..
Note
Trade active
taking it now, great risk/rewardNote
hmm, looks like there could be a potential double bottom on support, I will be looking to exit the trade until a clean break of consolidation
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.