Hello Traders
As you can see price went all the way up to 1.33 like an ABC Pattern and couldnt break the high to make a HH.
It then Failed and came back to major support zone.
for now i can see a bearish move in the market that needs to be tested to go lower and that key level is what i think can push the price down.
in the other hand we can see a head and shoulders pattern forming that can be a good sign too.
Stick To your plan,go to lower time frames and trade safe.
comment below if you think it does not make sense
As you can see price went all the way up to 1.33 like an ABC Pattern and couldnt break the high to make a HH.
It then Failed and came back to major support zone.
for now i can see a bearish move in the market that needs to be tested to go lower and that key level is what i think can push the price down.
in the other hand we can see a head and shoulders pattern forming that can be a good sign too.
Stick To your plan,go to lower time frames and trade safe.
comment below if you think it does not make sense
Trade active:
First Trade with +40 pips closed maybe i enter on next setup