The bears have been strong the previous weeks as price kept blasting past each support zone.
I'm expecting a huge drop to the 1.3100 area as long as we can get a nice bearish H4 candle to close below our support zone!
The market is respecting our descending channel as price is creating LH and LL.
I'm expecting a nice impulsive move to the downside once price decides break pass our counter trend-line.
Due to the fact that this pair has been creating LH and LL for the past few weeks , I am short on this pair . But of course certain rules will have to be met. I personally will enter this trade only if my TL is broken . I will go long on this pair if resistance is broken followed by a retest .
Around January is when the 1st LH was created followed by a LL a few weeks later. Clearly this pair is a downtrend but I wont be selling until my TL is broken followed by a retest of my support line .
