The price has reached the lower channel line and stop its momentum of falling and retraced. Therefore we could look for selling opportunity at resistance levels: 1) 0.76450-0.76534 (FIBO 23.6 and broken support turn resistance 0.76487), and 2) 0.77342-0.77538 (FIBO 50.0, upper channel line, resistance 0.77490).
TRADE IDEA :
LOOK FOR SHORT OPPORTUNITY AT 0.76450-0.76534 (SMALL LOTS)
SL : 0.76750
TP : 0.75665
LOOK FOR SHORT OPPORTUNITY AT 0.77342-0.77538 (NORMAL LOTS)
SL : 0.77900
TP : 0.75665