The breakout is expected to reach around the 1.125 area, as the trend shifts towards structure, the ascending horizontal trend line is a point for either a potential rejection or a breakthrough. I have predicted the trend to reject and bounce off the trend line where I have placed my entry, the trend may move corrective towards the 1.118 area where the lower structure is placed in order to complete bearish swing.
Trade active
Adding another short to 1.128 if area hit.Trade closed: target reached
:D
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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.