Hi Traders,
Looking at the HTF we can see that price has been consolidating within larger descending reversal structure got quite some time which finally broke out to the upside but failed to continue any higher. Instead price impulsively reversed down and then created a corrective structure which tells us there's potential for more downside movement to come.
Look for LTF correction after breakout for an sell entry if it meets your trading plan.
Whats your view on this pair ? Share a comment below and let me know if you agree.
Click the like button if you agree with this idea!
Trade Safe!
Looking at the HTF we can see that price has been consolidating within larger descending reversal structure got quite some time which finally broke out to the upside but failed to continue any higher. Instead price impulsively reversed down and then created a corrective structure which tells us there's potential for more downside movement to come.
Look for LTF correction after breakout for an sell entry if it meets your trading plan.
Whats your view on this pair ? Share a comment below and let me know if you agree.
Click the like button if you agree with this idea!
Trade Safe!