We have already seen a bearish false break on the H1 chart. Price has also broken down the last low, just now. We are now in the final step, where we want to see a pullback and sell from there.
On the M15 chart ideally we will see a double wave up and then we can sell if bearish divergence forms. I have marked for you a sell zone where i expect the pair to stop the correction and continue lower. There is also a bearish trend line from the highs which acts as dynamic resistance and perfect level to use for our stop loss.
On the M15 chart ideally we will see a double wave up and then we can sell if bearish divergence forms. I have marked for you a sell zone where i expect the pair to stop the correction and continue lower. There is also a bearish trend line from the highs which acts as dynamic resistance and perfect level to use for our stop loss.
