Short continuation is highly possible.
The price has retested it's resistance area and is closed an engulfing day after a spinning top.
Critical Stop loss for a short entry is above 1.3000 level
Price is moving towards the support are which is also a Gartley potential target.
So selling with a target at around 1.1050
Turning to 1 hr chart I will wait for a retracement towards 50 % area of the current swing or in case of a short term support breakout will wait for a return towards a resistance or 50% of the new swing that will appear
Details are at the chart, and all the questions - are welcome!!!
here's a video link: youtu.be/xn0itKkK9qU
The price has retested it's resistance area and is closed an engulfing day after a spinning top.
Critical Stop loss for a short entry is above 1.3000 level
Price is moving towards the support are which is also a Gartley potential target.
So selling with a target at around 1.1050
Turning to 1 hr chart I will wait for a retracement towards 50 % area of the current swing or in case of a short term support breakout will wait for a return towards a resistance or 50% of the new swing that will appear
Details are at the chart, and all the questions - are welcome!!!
here's a video link: youtu.be/xn0itKkK9qU