Goodmorning traders!
IF this candlestick engulfs and closes under the candlestick I've circled and also under 0.25000 i will enter a sell. Also every time price closed under the green structure price kept falling until it hit another key zone, eventually price will test the support line of the ascending channel. if price heads back up from here it was testing the psychological level 0.25000 and price will just go back to the consolidation zone and continue consolidating.
IF this candlestick engulfs and closes under the candlestick I've circled and also under 0.25000 i will enter a sell. Also every time price closed under the green structure price kept falling until it hit another key zone, eventually price will test the support line of the ascending channel. if price heads back up from here it was testing the psychological level 0.25000 and price will just go back to the consolidation zone and continue consolidating.
Comentarios:
If price rises from here that will be a nice move up! I would definitely keep an eye on this pair today.
