This pair is still in a clear downtrend as shown by the pitchfork channel. If the indecision from last week turns into more bearish movement, there should be a lower low forming. Enter this trade for a move down to previous Resistance zone and possibly further down.
Be aware of the strong SR zone where price stalled previously, this can be a partial take profit zone.
Comments or idea's, please do share :)
Thanks for reading!
Be aware of the strong SR zone where price stalled previously, this can be a partial take profit zone.
Comments or idea's, please do share :)
Thanks for reading!
Note
After the Asia session, the price is starting to move down towards the zone I would consider to enter. Waiting for confirmationTrade closed manually
Half way a reversal as was predicted there could be problems around this SR zone.Disclaimer
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Disclaimer
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.