Retested Key zone wait for daily close

4 Jun 2018

This market has been bearish for past weeks which clearly shows the direction it is going. The key level has been broken and was retested. Now all you have to do is wait for the new daily candle to form before taking your sell. Interest rate will be tomorrow and may help complete our trade as well. There are high chances of a strong movement down to 1.7100. If you look at the weekly time frame its very clear that a heads and shoulders pattern is currently in formation so we taking the ride down to the neckline. Be careful of the lot size you wish to put and always manage your risk carefully. Feel free to tell me what you think i am open to different views.