Summary
The market has been moving in a bearish momentum, after breaking out from the larger ascending channel. Looking to short this pair again as it made a bear flag in the 1 hour time frame.
Steps to be taken
The market has been moving in a bearish momentum, after breaking out from the larger ascending channel. Looking to short this pair again as it made a bear flag in the 1 hour time frame.
Steps to be taken
- Take the trade as the market opens.
- Let your stop loss be above the resistant line by 20-50 pips.