Trying to regain lost ground. Last time when I shorted this pair, I had to book -70 pips loss. But certainly my bias for short still remains so finding this opportunity to short.
Action plan ~ Going with small lots here in upper wall of channel, & once the price breaks lower wall of channel then add back will be done. Look for minimum 0.9950 to be tested.
Reasons ~
1] Channel resistance through upper wall
2] Divergence
Also credit goes to my friend @red43. He too have similar chart, which he showed me during our discussion
Action plan ~ Going with small lots here in upper wall of channel, & once the price breaks lower wall of channel then add back will be done. Look for minimum 0.9950 to be tested.
Reasons ~
1] Channel resistance through upper wall
2] Divergence
Also credit goes to my friend @red43. He too have similar chart, which he showed me during our discussion
