Possible short scenario ( awaiting confirmation)

Price has just spiked up and broke through the he descending trendline after the US Fomc and data statistics. I will wait too see if price breaks back into the descending trendline to confirm a fakeout. Other added confluences to back up a short are descending trendline smack bang on the 68 fib and also a head and shoulder pattern.

Kommentera:

I’ve now entered into a short.

SL 0.68999 32pips
TP 0.67020 157pips (ish)