The chart shows clearly what I am looking at here. We have the impulse wave down breaking below the support zone
and now I am looking for a sell opportunity in this pair. I will then aim to ride the wave down to the longer term trend line
I am looking for a pullback up to the support/resistance
area before awaiting confirmation on a sell trade. If price doesn't pullback to the highlighted area I will be skipping this trade.
We have a 3.5 Risk Reward ratio on this trade.