We are short on this pair and book profit @ 1.2000
Resons: 1. Bearish Bat 2. Strong rebound from resistance 3. ADX getting exhausted 4. Bend in trend @ 200 SMA
Will share smaller time frame chart to further elaborate it.
Let's Watch !!
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Heading towards 1.2
Reasons: 1. Bearish DMI Cross 2. ADX @ 27 that is perfect signal towards bearish momentum 3. CD Wave in progress. 4. Wait for the break of triangle and here we go !!
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Heading towards the target !!
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Waiting for another head & shoulder pattern formation then a big fall ...