On the W! chart, duplication of first bearish leg is expected. Price moving lower now after respecting the weekly channel..
On the D1 chart, price broke the uptrend line and duplication of first leg is expected.
On the H4 chart, we will be looking for the broken trend line to be retested and corrections towards the zone 1.3390 – 1.3440 which will provide us sell opportunities.
Protection above 1.3550.
Target 1 – Risk-Reward of 1:2.
NOTE – move the stop loss to break even, once the trade has risk:reward of 1:1.
Target 2 – 1.2890.
Target 3 – 1.2570.
On the D1 chart, price broke the uptrend line and duplication of first leg is expected.
On the H4 chart, we will be looking for the broken trend line to be retested and corrections towards the zone 1.3390 – 1.3440 which will provide us sell opportunities.
Protection above 1.3550.
Target 1 – Risk-Reward of 1:2.
NOTE – move the stop loss to break even, once the trade has risk:reward of 1:1.
Target 2 – 1.2890.
Target 3 – 1.2570.