This past week market has shown us strong bullish momentum, bouncing off that trendline and staying in the upwards channel, holding structure. price has made 2 W patterns during the week and with price respecting this trendline throughout this week, bouncing off of it repeatedly, price looks like it could create another W pattern to continue the trend and maintain...
Price looks like a clear sell on H1 time frame and looks like structure is forming a M and is completing the last leg. I'd wait for a clear break and close below the previous 1.29200 level on the H1 time Frame, and scale down to the 15M or 5M time frame, to get my entry off a retest NEAR that previous 1.29200 level above, and target that 1.28800 zone for 40+ pips,...
