We are anticipating a sell on EC after a completion of the retracement.
We've seen a market break of structure to the downside thus making it bearish.
A sell limit pending order should be set at 1.47646 price, which is our area of interest.
The market is bearish on this pair. we are waiting for price to get to our area of interest and the appearance of a bearish engulfing candle to execute the trade
Market broke a descending daily channel to the upside.
I saw it creating an uptrend on the 2h timeframe and now broke resistance.
we will wait for a retest of support then enter a buy preferably on the 0.5 fib .
Our take profit should be the resistance of 1.82502
