This pair is in a downward channel (240m) and price is currently at the upper resistance line as well as being at a previous strong level of support/resistance (red zone)
Short entry taken on the 2h timeframe as a hanging man candlestick pattern was formed at the upper channel boundary.
Looking to take partial profit at 129.6 (previous swing low) and let the rest run to reach the bottom of the channel.
Short entry taken on the 2h timeframe as a hanging man candlestick pattern was formed at the upper channel boundary.
Looking to take partial profit at 129.6 (previous swing low) and let the rest run to reach the bottom of the channel.