I'm short already on this pair and market has bounced from the pink trendline that I didn't took in account. My tough now is; market is not willing to go deep down to touch the yellow trendline again. This hint I might expect one last down movement towards the pink trendline before the brakeout as shown with the last 2 drawn arrows.
The SL is placed at BE, if market will actually brakeout without touching the pink trendline again I'm safe and I will consider to trade the brakeout instead.
The SL is placed at BE, if market will actually brakeout without touching the pink trendline again I'm safe and I will consider to trade the brakeout instead.
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Komen:
inb4 charts become red