We failed to close above the MID price of previous day (Red horizontal ray)
We retested neckline and failed to close above it.
Measuring the distance we can see a final target at 0.7000
Risk reward is good so i'll be looking to trade this on Tuesday dependant on Monday's close
-If correct price action presents itself i'll be looking to take shorts on Monday
The was a clear indication of further downside momentum.
First target at previous low 0.705 as we could come into turbulence with ascending TL so a clean break of it would
warrant further downside projections.
STOPS 10-15 PIPS ABOVE PREVIOUS DAY MID AROUND 0.7205 ishh
Trade safe, just look for confluences and trade em'