Here's our thought process;
1. Previous trend(uptrend) has come to an end
2. Using our channel projection strategy we've been able top predict future prices where price would likely bounce off (Note: on the EUR/USD Long I called yesterday, price bounced off right after touching our projected trendline, so it does work 😊).
3. Strong resistance tested multiple times, drawn as rectangle, coinciding with TL (trend line 🙃).
4. Using our fib projection tool, we've been able to predict the end of the trend also right within our blue resistance ✌🏼
5. Sell limit order placed 💪🏾
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