Price have failed to settle above the structural point 1.0959 after several attempt.
This is a very steep structure. Basically price is telling us that this is the last chance for us to short from this area.
For the Bulls in this trade, the last chance for them to take a full profit from it.
Short Entry is 1.0959 stop loss is above the 1.10000.
A break of the purple gift means we can add to this position ofter a reasonable pullback.
Happy trading...........
This is a very steep structure. Basically price is telling us that this is the last chance for us to short from this area.
For the Bulls in this trade, the last chance for them to take a full profit from it.
Short Entry is 1.0959 stop loss is above the 1.10000.
A break of the purple gift means we can add to this position ofter a reasonable pullback.
Happy trading...........