Reasons for entry-
1.Pair made 4 touches on resistance trendline
2.Kept on making lower highs
3.Fib retracement shows bounce on trendline falls on 61.8%
4.There is a lot of previous resistance at this point
5.200 MA touching previous candle.
6.Low risk trade
1.Pair made 4 touches on resistance trendline
2.Kept on making lower highs
3.Fib retracement shows bounce on trendline falls on 61.8%
4.There is a lot of previous resistance at this point
5.200 MA touching previous candle.
6.Low risk trade