Currently, the Entry is set at 1.31716 as it was the highest point. Although it broke thru PRZ there was a reversal confirmation which validates the pattern.
Currently waiting for type 2 entry. Looking left at previous structure there is that probability that price will restest the entry level (resistance)
Entry - 1.31727
SL - 1.31900
Tp1 - 1.31127
Tp2 - 1.30649
If the price does restest at our entry level this would form a Double Top formation. I would, therefore, personally monitor this trade before engagement.
Currently waiting for type 2 entry. Looking left at previous structure there is that probability that price will restest the entry level (resistance)
Entry - 1.31727
SL - 1.31900
Tp1 - 1.31127
Tp2 - 1.30649
If the price does restest at our entry level this would form a Double Top formation. I would, therefore, personally monitor this trade before engagement.
Commentaire:
Price tested at the 1.3153 Zone level twice. Good indication of our sell zone