Reason to trade,
Daily chart shows price hit supply zone
ascending channel hit top of the channel
On daily impulse to downside and I assume correction completed to the upside
Expectation : Downtrend continue
Retest / pullback might happen toward 1.60000, If pullback happen it will give better entry but ensure only add position when we see bear step in (a significant bear candle)
Open 2 position for reaching two targets - move stop to BE after 100 pips gain
Daily chart shows price hit supply zone
ascending channel hit top of the channel
On daily impulse to downside and I assume correction completed to the upside
Expectation : Downtrend continue
Retest / pullback might happen toward 1.60000, If pullback happen it will give better entry but ensure only add position when we see bear step in (a significant bear candle)
Open 2 position for reaching two targets - move stop to BE after 100 pips gain
Trade active
Note
It hit the top channel, short still on, my SL was too tight but the idea is valid
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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.