Here we can see the pair has been in a major uptrend, which managed to break out of. During the breakout of the trend, we also pushed out of our key area (Major Support), show us clear signs of a downtrend to form. We then saw the pair fluctuate within a range, and now potentially about to drop forming a lower low.
We will look for an entry, once price pulls down and retests our key level, and see bearish candlesticks form.
Follow for more trade ideas and setups.
Stop Loss (24 Pips)
Take Profit (100 Pips)
R:R 1/4
We will look for an entry, once price pulls down and retests our key level, and see bearish candlesticks form.
Follow for more trade ideas and setups.
Stop Loss (24 Pips)
Take Profit (100 Pips)
R:R 1/4
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.
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.