Waiting for the break - retest - continuation on H4 to go short.
Reason to enter:
- price broke below the monthly support lvl
- EMAs heading South
- the price broke the TL
TP - 1.2500
POSTED THE DAILY CHART OF THIS SOMETIME LAST WEEKEND.
WE HAVE SEEN A BREAK RETEST OF THE WEEKLY TREND LINE WITH A POSSIBLE WEEKLY ABCD.
HERE ON H4 WE CAN AGAIN SEE AN ABCD WITH A 50% RETRACEMENT WHICH ALIGNS WITH RESISTANCE TURNT SUPPORT AND THE WEEKLY TREND LINE.
THREE POSSIBLE TARGETS IF WE SEE PRICE ACTION TO TAKE THE LONG.
SOME GREAT RISK REWARDS.
LETS SEE...