As you can see on the chart we have both a small channel (green lines) and a bigger "channel" indicated by the blue lines if you zoom out. Both of these align at approximately the same place giving us a great place to short (since this pair is in an obvious downtrend on the higher timeframes). Looking for a pinbar on the 30 min/1hr as confirmation if it retests the green reversal zone. Opening two positions would give us a 1:2 r:r on one position and 1:5 on the other. As usual we move our stops to breakeven once half of the profit level has been reached. Hold your thumbs!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.