It is likely that this pair will make a bearish breakout from the current range.
In that case, we wait for the breakout happens (if it goes up from this supporting level, then just skip this idea), then it will make testing to the breakout level, then we can consider with a short sell.
Will be swinging this down to 0.66 - price repeating itself
impulsive move, correction, impulsive move, correction etc
wick rejections @ this key resistance area. Have tested multiple times and failed to break above
await bearish momentum before entering
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After a successful short trade based on Trend line a couple of days ago price action is coming to the zone once again. Similar setup to the previous one and planning to go short from the trend line and my tp is around that support zone. The trade will only be valid if we see bearish engulfing candle at the trendline. Otherwise no trade shall take place...
We have two ideas on here, the reason why I have two ideas is because the trendline and the s/r zone has been broken few hours ago, so
we need to wait and see what the price does, if it starts to push down it means that it will go for the sell; however if it breaks the s/r zone
again and goes thru, it means that it will follow my long idea.
For any questions feel...
Nice and simple trade based on trendline which has been respecting for a while now. Price has reversed nicely and I've gone short on this and expecting it to come down a fair bit. Tp and sl marked.
Let me know your thoughts.
Trade safe and good luck.
Price is still within the resistance zone despite the huge bullishness.
Still not bullish unless price break above 69.677 clearly.
If you are not in any position, this is not the time to short it yet.
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