Descending Triangle??? could be.. entered short at price seen on chart with sl on BE.
Please see linked chart attached to see supporting view regarding this pair.
Still sticking to trading plan which is to sell on sign of weakness and buy dips preferably at 1215-17/ 1206 zone if price action allows. Below those buy targets, bearish momentum can take in effect. Meantime, no bias held on this pair but trading opportunity seen on chart.
Again, no recommendation but purely sharing my trading journal. Good luck to all Traders!
NOTE: Please see other view which is more likely a bullish pennant formation. Often tricky trading this pair, so keeping an eye on price action and planning trades accordingly. Typo on BUY ENTRY - SHOULD BE SELL.. my apologies!
Please see linked chart attached to see supporting view regarding this pair.
Still sticking to trading plan which is to sell on sign of weakness and buy dips preferably at 1215-17/ 1206 zone if price action allows. Below those buy targets, bearish momentum can take in effect. Meantime, no bias held on this pair but trading opportunity seen on chart.
Again, no recommendation but purely sharing my trading journal. Good luck to all Traders!
NOTE: Please see other view which is more likely a bullish pennant formation. Often tricky trading this pair, so keeping an eye on price action and planning trades accordingly. Typo on BUY ENTRY - SHOULD BE SELL.. my apologies!
