As you can see from the chart price is in a clear bearish trend, and our goal is to look for a short entry.
Considering that price has made an ABC correction to an important confluence zone which comprises of resistance level, 61.8 Fib ratio, the mean value and 3rd rejection of descending trendline. We will able to go short on this pair after a clear break of the counter trend line.
Wish you best trading week ahead.
Follow me on Instagram: @TheKissForex
Considering that price has made an ABC correction to an important confluence zone which comprises of resistance level, 61.8 Fib ratio, the mean value and 3rd rejection of descending trendline. We will able to go short on this pair after a clear break of the counter trend line.
Wish you best trading week ahead.
Follow me on Instagram: @TheKissForex