Price is clearly in a falling wedge meaning a bullish reversal is imminent, overall. But scaling into price's current movement, I had anticipated a third touch on our resistance trendline, of which price did give us. Not only that... we also got this touch on the 78.6 Fibonacci retracement line, which give us a more stronger bias about our anticipated short positions. Entries will be triggered when price breaks below that rising wedge. My target will be the -27 extension.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
#TradeLikeMagnatrio
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Exercise proper risk management.
#TradeLikeMagnatrio
