This setup is looking very nice moving into next week. The week view rejected our upper T/L, we also have a potential triangle forming (upper level is marked, lower level sits nicely on our first target) If this triangle does form and come into play then its relatively unlikely we will see the second target on the first push to the downside.
We have clean divergence across the Histo throughout the lifespan of our channel, giving a clear indication of price manipulation. i will not just short this pair based on strong bearish momentum. I am either looking for a pullback to the highlighted area, or I am looking for another push down, followed by a continuation in an LTF that may present our entry. Targets are FIB EXT targets based on the channel parameters.
We have clean divergence across the Histo throughout the lifespan of our channel, giving a clear indication of price manipulation. i will not just short this pair based on strong bearish momentum. I am either looking for a pullback to the highlighted area, or I am looking for another push down, followed by a continuation in an LTF that may present our entry. Targets are FIB EXT targets based on the channel parameters.