We are bearish on this trade for few reasons:
1. the price is between weekly support and resistance at 0.92 and 1.00
2. the price in forming a descending trend channel and price has made a touch on trend line
3. We will be looking at more confirmation to sell with a better entry to reduce our time in loss and maximise profits.
SL currently at 0.9647 from current entry price with TP at 0.94 inside descending channel in move towards previous support
1. the price is between weekly support and resistance at 0.92 and 1.00
2. the price in forming a descending trend channel and price has made a touch on trend line
3. We will be looking at more confirmation to sell with a better entry to reduce our time in loss and maximise profits.
SL currently at 0.9647 from current entry price with TP at 0.94 inside descending channel in move towards previous support