Price is in the motion of forming a high probable triple top if we do see price continue bearish. This pair is definitely showing us a seller market therefore it is in our best interested to follow this trend. Calculating targets if entering this market after it breaks support, we grab our data from support to resistance and use it as our potential target which leads us to our next level of support.
What invalidates this trade? Price breaking above Resistance, Breaking Higher Highs. Potentially can find a long opportunity if so.
What invalidates this trade? Price breaking above Resistance, Breaking Higher Highs. Potentially can find a long opportunity if so.