Hi Traders!
Our trendline break setup on 12/05/2023 fulfilled our idea, we rallied to retest the trendline break and had a small squeeze back inside the trendline before moving back down.
There was a great risk-reward opportunity here for a re-entry short and we are now looking for another test of May 2023's lowest level at 1.24355 to see if we can break and continue to the downside.
We will continue to keep a close eye on this one and will inform you of any other setups we identify.
Please like, comment and follow to support us. We really appreciate it.
BluetonaFX
Our trendline break setup on 12/05/2023 fulfilled our idea, we rallied to retest the trendline break and had a small squeeze back inside the trendline before moving back down.
There was a great risk-reward opportunity here for a re-entry short and we are now looking for another test of May 2023's lowest level at 1.24355 to see if we can break and continue to the downside.
We will continue to keep a close eye on this one and will inform you of any other setups we identify.
Please like, comment and follow to support us. We really appreciate it.
BluetonaFX