possible short coming up will watch how price acts around top of channel trade with care
chart speaks for its self with high rewards if pair does manage to reverse! trade with care
long until top of channel is tested or correction is broken
an alternative set up incase first order is not filled
possible entry order long if entry isn't filled may look for manual entry on smaller timeframe. again with a 1% risk this trade looks promising even if TP isn't reached there are still plenty of pips for the taking, also a break out of the triangle followed by consolidation will signal another possible entry. trade with care
priced has bounced of ascending trend line, I have set a fair risk to reward ratio, stops moved to break even/profit once level 132 is cleared trade with care
sellers are still in control price is currently being rejected under broker neckline, and another down impulse is due
PRICE IS MAKING ITS WAY BACK DOWN TO A CRUCIAL AREA A BREAK OF THIS LEVEL WILL SEND THIS PAIR INTO UNKOWN TERRITORY THUS CAUSING A PANICK, I THINK BUYERS WILL HAVE ENOUGH STRENGTH TO PUSH THIS BACK UPWARDS. IF SO WE ARE AT AN AREA WHERE WE COULD POTENTIALY FIND A BRILLENT BUY SET UP PLEASE FEEL FREE TO AD YOUR VIEWS AND OPINIONS