Daily channel is expanding
Intraday channel broken downward and busy retesting
Intra-session channel broke upwards, but false break because we are still looking for a final low to this channel.
My bias is bearish.
Lets see when price comes back to the 1.06850 - 1.06900 zone.
If we reject, Move SL to BE incase market goes Long.
If we break, Short trade is valid after retest and SL can be moved to BE for risk free trade.
Remember to react and not try to predict.
Safe trading!
Use effective risk management.
Intraday channel broken downward and busy retesting
Intra-session channel broke upwards, but false break because we are still looking for a final low to this channel.
My bias is bearish.
Lets see when price comes back to the 1.06850 - 1.06900 zone.
If we reject, Move SL to BE incase market goes Long.
If we break, Short trade is valid after retest and SL can be moved to BE for risk free trade.
Remember to react and not try to predict.
Safe trading!
Use effective risk management.