The chart reached the up line of of the bold blue channel while making the bearish pattern in it. Now waiting for reaction on red trend line, (A) if the market structure bounces on that trend line, chart may make the douple top on the up line of the bold blue channel (around 94.0), It will be good risk and reward to open short position. (B) if the market breaks the red trend line, we will wait for pullback for confirmation. Expected TP is 75.7
Kommentar:
Opening risk entry @94.85