Here's another you should keep your eyes on!
No entry as of yet, but I will be watching the smaller time frames for a short on this aswell.
No entry as of yet, but I will be watching the smaller time frames for a short on this aswell.
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Broke our trendline nicely, I'll now be looking for a short opportunity, missed on my first entry due to the fact that I don't like limit orders, oh well!
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*I was going through a few ideas from other traders for this pair, and I see a handle of them believing that this will go back up to retest the broken trendline. (I don't believe you will be able to see it since I drew it on the 1hr time frame) normally I would agree but this is one of those setups I will have to disagree with, as you can see in the above picture the pair has broken under "1.63406" I personally don't see it breaking back above that to retest the trendline and it has been respecting it so far. I think the drop will just continue down to our take profit of 1.60869