hi all this is my idea. not a trading signal. comments are welcome. but this is my reason with all the logs on the chart. have a great weekend :)
chart has comments in as to why i am going short on this pair. please note this is not a trade signal it is only my idea. hope my analysis plays out
Although price has been long i have noticed a break and retest of the 4 hour ascending channel. which will create a new lower low down to 50 % fin level at 50.74 which will also be confluent with the 200MA . i am currently in this set up now and will leave it for the next week or 2 to see the outcome. this is my idea not a signal guys.