Hello Guys if you take a look at the pair, it was moving quite nicely to the upside. Now it seems that uptrend is almost over and we are likely to witness a move to the downside. If the price break up then this setup will get invalidated and we will wait for further confirmation! It will be better to use the lower timeframe to get a good entry point!
Trade according to your own strategy! Goodluck
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Must see- Detailed picture of whole scenario!
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Fall has just started!
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Got the breakout of inside channel! Now likely to continue down
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nasyetty1
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Thank you sir for the analysis. Can we enter SELL trade now and what entry price would you suggest?
WaveExpert
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Better you wait for move down and then correction on lower timeframe! @nasyetty1,
jojofang0901
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Very nice trade setup, thank you for sharing your idea. i have similar view on this pair as well.