I have a bearish bias on this trade, the chart shows what I will look for before entering; I expect a small retracement. I would not look to place any buy positions without a clearance of the 0.92500 area. Thoughts?
Forgive the messy analysis. This trade could go either way, though I'm more on the short bias, I haven't gotten enough confirmation for an entry. I would not enter a buy trade unless I got a clean break and retest of the identified area. Thoughts?
It broke out of the downtrend line it was respecting and formed a higher high. Got an entry where is retested the trend line and former a higher low