This pair has been stuck in consolidation for a while now and I'm looking for a sell here near the top of the zone back down towards the middle or where price has been stuck.
Even after a small gap at open we have a good opportunity to get short as price will likely look to balance back out yet again.
If we fail to break down further the we have a tight stop, despite risk to reward not being the greatest, it's not too terrible either. If we fail to break down, this setup may become invalidated.
Even after a small gap at open we have a good opportunity to get short as price will likely look to balance back out yet again.
If we fail to break down further the we have a tight stop, despite risk to reward not being the greatest, it's not too terrible either. If we fail to break down, this setup may become invalidated.