see if rate will go back up to fill the wick for us to sell at the near top again.
If rate not close back into structure you should take long.
Short short trade for you guys.
Buy stop order. See chart for entry, SL & TP
Wait for the support bounce to go long
Will we see a higher low with a pin bar like the 21st daily candle? Recently there's an engulfed 4H candle bounce from 1695 level. Price will continue to reach higher if the bull flag structure is broke
We can possibly see these 2 targets on their way. Neutral until support breaks and retested
wait for patterns break. I'm prone to upside
4H engulfed candle > support firmed. trend continuation upward channel > wave 5 to be completed target > fib extension of leg 2 3 laying on next 4H resistance
price actions shows that this pairs has lost momentum to bounce. Rate is sticking at support zone flat. I expect a downward move soon. see charts for near targets