Broken trendline
Emas crossed
Retesting the area
Just entered on this one, had a previous Sell limit on 1.3275 but didn't get triggered, now we broke the trendline and just retested the sup turn res. on the previous days we where compressing the price, at first i thought of some sort of an M formation instead of a continuation triangle, because the level that the price is at had some struggles getting further in the past and it hasn't passed it in a while now, so i think is safe to say that I'm bearish in the short term.
A good TP, might be green trendline, but since it can take a time, a better one could be 1.31 , and to take small profits on the way down there in the marked areas if you want to.
PS: the price moved a bit since I entered and finish writing this
Emas crossed
Retesting the area
Just entered on this one, had a previous Sell limit on 1.3275 but didn't get triggered, now we broke the trendline and just retested the sup turn res. on the previous days we where compressing the price, at first i thought of some sort of an M formation instead of a continuation triangle, because the level that the price is at had some struggles getting further in the past and it hasn't passed it in a while now, so i think is safe to say that I'm bearish in the short term.
A good TP, might be green trendline, but since it can take a time, a better one could be 1.31 , and to take small profits on the way down there in the marked areas if you want to.
PS: the price moved a bit since I entered and finish writing this