Double top with a second touch actually lower confirming exhaustion. Waited for a break towards the downside for a pullback to a support acting now as resistance before targeting the next support/Low as a target as well as we have the 200 moving average acting as support on the 1 hour time frame, within are target range.
Same situation as GJ we have seen the double top with the second touch lower with 20 + candles in between the second touch clearly showing exhaustion. We also have a fresh break out of consolidation towards the downside so waiting for the waiting for a pullback towards the old support to confirm its new resistance before entering and targeting the lows. First TP =...
Clear break and retest of a new founder ressiatnce to countinue the shift of the momentum towards the downside. my Short targets come to around 132.700. risking 7 pps to gain 100. Please manage your postions when meeting the first support. HAPPY TRADING.
