It seems we have a clear SELL (SHORT) setup on this pair, with an abcde triangle formed and now we are waiting for the drop, break of structure (outside the triangle) for confirmation.
SMA shows clear bearish trend on 4Hourly and I've forecast an impulse on the way down now from the triangle, at least until the first trendline. This should be a good trade.
Additionally we might also have a second trade possible to the second trendline (trade#2) IF it breaks the first trendline target (trade#1), I might trade that too.
SMA shows clear bearish trend on 4Hourly and I've forecast an impulse on the way down now from the triangle, at least until the first trendline. This should be a good trade.
Additionally we might also have a second trade possible to the second trendline (trade#2) IF it breaks the first trendline target (trade#1), I might trade that too.