This pair went up for a long time and now we are seeing some deceleration this tells me that a pullback might be coming.
-> We formed a double top
-> We formed a triangle (consolidation pattern)
When u spot those things, just wait for the market to prove itself.
During the Asian and early London session, this pair broke to the downside which tells me that I should be on the look-out for a SHORT trade.
I want to see a retest of this trendline that was broken -> 4H, 2H, 1H chart, doesn't really matter.
Just a good retest, with a nice candle on one of these TF's ( The higher the TF, the better ).
Personally i will look for my go-to setup when price retests that level.
Goodluck.
-> We formed a double top
-> We formed a triangle (consolidation pattern)
When u spot those things, just wait for the market to prove itself.
During the Asian and early London session, this pair broke to the downside which tells me that I should be on the look-out for a SHORT trade.
I want to see a retest of this trendline that was broken -> 4H, 2H, 1H chart, doesn't really matter.
Just a good retest, with a nice candle on one of these TF's ( The higher the TF, the better ).
Personally i will look for my go-to setup when price retests that level.
Goodluck.