REASONS WHY TO TAKE THIS TRADE: 1. PRICE AT KEY LEVEL 2. 50 % RETRACEMENT 3. BULLISH HARAMI IN WEEKLY 4. DOUBLE BOTTOM
FALLING WEDGE 1. PULLBACK 2. TEST OF SUPPLY ZONE 3. DROP
POSSIBLE DOWNTREND CONTINUATION AS PRICE IS AT NEAR WEEKLY SUPPLY ZONE, ANOTHER POSSIBILITY IS THE FORMATION OF A BULL FLAG WHICH WILL BRING THE PAIR TO THE UPSIDE.