In previous weeks, there is a reversal signal ( bullish crab pattern + morning rise signal) which tends to be bullish until 1.245 as strong resistance.
After the bullish pattern, it is observed that there is a ascending triangle formed to pull down the previous bullish trend and continue the dominant bearish trend
it is suggested for a pending sell limit order around 1.23000 area with target 1.22100 or even 1.21 as final target, however it does not means that the trend is 100% downtrend, so my SL will be around 1.23600 in this case
After the bullish pattern, it is observed that there is a ascending triangle formed to pull down the previous bullish trend and continue the dominant bearish trend
it is suggested for a pending sell limit order around 1.23000 area with target 1.22100 or even 1.21 as final target, however it does not means that the trend is 100% downtrend, so my SL will be around 1.23600 in this case