SETUP 1: Resistance(Price is at the top of the channel).
Entry: Bearish candle.
SL: Just above resistance.
TP: Bottom of the channel.
Note:This is a short term trade to be executed on the 15min chart.
SETUP 2: Resistance, Higher lows.
Entry: Bull Confirmation candle on the break and retest of current resistance.
SL: Just below the low of the retest candle.
TP: 1.166
Note: 1hr time frame trade setup.
Entry: Bearish candle.
SL: Just above resistance.
TP: Bottom of the channel.
Note:This is a short term trade to be executed on the 15min chart.
SETUP 2: Resistance, Higher lows.
Entry: Bull Confirmation candle on the break and retest of current resistance.
SL: Just below the low of the retest candle.
TP: 1.166
Note: 1hr time frame trade setup.