The price has reached to the Equilibrium and the trend has reversed to the down side from 1.70705.
That's why overall I'm looking for a possible short. The daily downtrend has been broken on a HTF, which is a positive confirmation.
I have two option to enter, depends on the market's reaction.
1) Price can bounce back from 1.62753 for a pullback to check the trend once again for resistance. Entry can be 1.65000 approx.
2) If price breaks the 1.62753 without any bounce, it could pullback after a break which can be our entry as well.
So lets be tuned and wait for our chances.
I will provide quality ideas, however please trade on your own risks.
Trading is a long run marathon not a gamble.
BR
That's why overall I'm looking for a possible short. The daily downtrend has been broken on a HTF, which is a positive confirmation.
I have two option to enter, depends on the market's reaction.
1) Price can bounce back from 1.62753 for a pullback to check the trend once again for resistance. Entry can be 1.65000 approx.
2) If price breaks the 1.62753 without any bounce, it could pullback after a break which can be our entry as well.
So lets be tuned and wait for our chances.
I will provide quality ideas, however please trade on your own risks.
Trading is a long run marathon not a gamble.
BR