this pair is going short.
rejected at a major support zone which was also a daily high of last Friday's
on M15 shown rejection as well and on h1 time frame. GO for short.
also another confirmation is rsi on h1 approaching down.
Expect this pair to go short.
Reason is because it broke a trend line and formed another high and rejected at a resistance zone at approx 1.2531 on the 4hr time frame.
It then started to going down and now pulling back to another support/res zone at 1.2484 and also near a trend line that is drawn.
Wait for the asian market to consolidate and once London session...
With my analysis, i used multiple support and resistance. Also the channel. With the downtrend and the channel that was created, it was highly likely for the downtrend to continue, with this happening it is easier to predict where to take profit. My entry was a little early at 1.23437, this entry was due to a wick rejection. My take profit will be at the 1.2290....