Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
Price launched off 0.8330 and increased 6 days in a row in the daily channel which I noted before. Price is now struggling at the upper bond of the channel and break above this trendline will indicate more strength in this pair.
Also we have got a H1 bearish gartley pattern:
But these are not enough to go against such a strong trend like that, so the best place to board on the bus to the south will be a break below the H1 trendline:
I want to mention that watch price action around the H1 trendline carefully and we could have a good long setup there as well. So do not go short without a CLOSE below that trendline and be patient.
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