Price has been in a strong up trend structure.
We have failed to make new highs.
price has also formed a double top and rising wedge formation.
I have taken an aggressive entry at 0.76762 in the form of a short trade in anticipation of a short trade.
Short term i am looking for a target that is the height of the wedge but i believe that if the previous outside return of the uptrend structure is broken we could achieve extende targets, so this trade will be monitored in anticipation of that.
SELL @ 0.76762
SL @ 0.7733
TP1 @ 0.75771
TP2 @ TBD
We have failed to make new highs.
price has also formed a double top and rising wedge formation.
I have taken an aggressive entry at 0.76762 in the form of a short trade in anticipation of a short trade.
Short term i am looking for a target that is the height of the wedge but i believe that if the previous outside return of the uptrend structure is broken we could achieve extende targets, so this trade will be monitored in anticipation of that.
SELL @ 0.76762
SL @ 0.7733
TP1 @ 0.75771
TP2 @ TBD