Hello Everyone !
Here we have a pretty clear SHORT setup on this pair.
as we can notice Price has broken the 1H Trendline, as we know after the breakout we need the retest ( which is already finished ), we will wait next week for some candle confirmation, so we can get a nice R:R trade on this Pair
1. Broken 1h Trendline
2. Retest Completed
3. Price has been failing to break through the resistance for 3 times, which also correlates with 78,6% Fib Retracement giving us some more confidence on a bearish Reversal
Here we have a pretty clear SHORT setup on this pair.
as we can notice Price has broken the 1H Trendline, as we know after the breakout we need the retest ( which is already finished ), we will wait next week for some candle confirmation, so we can get a nice R:R trade on this Pair
1. Broken 1h Trendline
2. Retest Completed
3. Price has been failing to break through the resistance for 3 times, which also correlates with 78,6% Fib Retracement giving us some more confidence on a bearish Reversal