This pair has broken below the kumo and is trying to establish a bearish trend but struggling a little here.
I am looking for a drawback to tenkan sen and price structure for resistance to form to help confirm a sell.
If we can get that drawback and push down, we should be able to break the support we're currently stuck at around .6410.
If we're able to get our sell, my main TP will be at the previous flat kumo and twist you see on the far left of the screen.
If we fail to hold our bearish confirmations or get a decent drawback for our sell, this setup may become invalidated.
I am looking for a drawback to tenkan sen and price structure for resistance to form to help confirm a sell.
If we can get that drawback and push down, we should be able to break the support we're currently stuck at around .6410.
If we're able to get our sell, my main TP will be at the previous flat kumo and twist you see on the far left of the screen.
If we fail to hold our bearish confirmations or get a decent drawback for our sell, this setup may become invalidated.