In this analysis we focus on the US100, we were anticipating a drop-base-drop after the third touch of to the upper trendline of the ascending channel in order for the market to create a nice setup for us to short, and the market has presented us with that opportunity and we managed to take it with a good risk to reward ratio, our first target is at the first...
The pair is currently retesting a strong daily support level, looking forward for a higher retest of the descending channel before we prepare for shorts up to the 148.xx area
If it the daily candle breaks above the 57980.xx and closes above it then we might be on a lookout for a retest to that price level and then capitalize on the continuation to the upside to complete the third touch of the ascending channel and for the creation of new higher high