on this pair we are in a downtrend on the 4hr chart. When this happens i start to look for trading opportunities into structure levels that may provide some resistance for a trend continuation trade. As you can see price is now coming back to the previous 4h (black line) and right there there are two different completing.
The first is the (whose D point is precisely at the 0,7200 psychological level). The second one is the .
You may be asking yourself why this is the first time i publish a ; because i do not use this pattern as reason for entry. But i like to find additional clues to my trading decision, and that could be considered as one of those.
Stops above X, targets at .382 and . of AD leg.
Let's see what price does.
If you want to ask questions or explain your standpoint, feel free to write below.
Otherwise, see you in the next chart!