Trade what we see:
Price had been on a bullish run, followed by a quick double top at 0.7877 level.
We have then printed repeated lower highs, breaking the 4hr bullish trend line.
The trade is simple, we wait for the pull back into the next lower high and we short to the 71.8% fib level where previous Supply and Demand was found.
Price had been on a bullish run, followed by a quick double top at 0.7877 level.
We have then printed repeated lower highs, breaking the 4hr bullish trend line.
The trade is simple, we wait for the pull back into the next lower high and we short to the 71.8% fib level where previous Supply and Demand was found.