When I first open the charts, new day, new opportunities, everything is deleted all the way. That's how I try to practice as I am clearing my previous view on the market and that helps me adapting to the current market state. On this pair, I am defining the structure as well by looking what happened previously. First, we can see the broken structure at the top, where the price created kind of H&S pattern, broke the neck line as well the structure zone that was holding that upper formation. Going forwards, we can see the price breaking as well the next structure zone after multiple retests, rejections and some bearish momentum. Now, with potential pullback, we are looking to find continuation opportunity to the next structure zone below.
Trade closed: target reached