sell the retest of a broken level

מעודכן
תמונת-בזק

hey guys,

pound australian continues its movement inside a rising parallel channel
תמונת-בזק

reaching 1.87 level we see a pullback,
I anticipate further bearish continuation and at least test of the channel support line around 1.835
with a potential bearish violation of a channel.

however, we need a good entry.
I suggest you wait and sell the retest of a broken support 1.853

your initial target will be based on the channel support line and structure looking left.

it is possible that then the market will continue lower,
so for the second target I would be focused on 1.80 level!

good luck!
עסקה פעילה
עסקה סגורה: הגיע לסטופ
Double Top or BottomParallel ChannelSupport and Resistance

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