Good evening traders, I am looking to SELL this pair as it has 3 potential confirmations that I will be looking at:
- 1. there is a descending triangle forming about to be broken
2. price is consolidating towards the trend line
3. There is a support at 1.7490 which has the potential to be broken
Tips: don't rush, wait for confirmation in form of candlestick pattern (if you see consolidation check higher timeframe too), use proper risk management.
Komen:
Price did not break and close below trend line, do not rush on the trade! I have an alternative option which I will post soon