The nice top formed at 1.5500 two weeks ago with prices still locked in a Bearish channel favous the Bears.
Now after prices broke down a Short-Term Bullish Trendline and did a perfect pullback to it at the 1.5400 resistance area last week also favour the Bears, along with the fact that prices closed below the important level 1.5320.
My strategy is to enter SHORT at the folowing resistances: 1.5290 / 1.5320.
I will also look to enter SHORT below the following support areas: 1.5255 / 1.5225.
All entry levels above have the 1.5145 as their targets.
If prices broke down the supports 1.5145 / 1.5127 I will also look to enter SHORT, now with the target at 1.4900.
If prices broke down the supports 1.5145 / 1.5127 I will also look to enter SHORT, now with the target at 1.4900.
