Currently, price is in a downward trend. However, if price can break and close out of the channel then we should have a valid inverted H&S coming up. I will go for short if price reject at the previous resistance (blue rectangular box).
I've missed this long setup as i was not around my laptop when the setup is there. Let wait for it to retrace back to it previous support so that we can go for long. The support (orange box) has to hold in order for a long setup to be valid.
I placed a pending long after that pin bar rejected at previous support. Trade was kicked in at price of 1.6125. However, setup was there but it doesnt go according to my direction i wanted. SL hit at lost of pin bar at 1.6090.
Trade update: SL hit, -35pips
I've missed this long setup as i was not around my laptop when the setup is there. Let wait for it to retrace back to it previous support so that we can go for long. The support (orange box) has to hold in order for a long setup to be valid.
I placed a pending long after that pin bar rejected at previous support. Trade was kicked in at price of 1.6125. However, setup was there but it doesnt go according to my direction i wanted. SL hit at lost of pin bar at 1.6090.
Trade update: SL hit, -35pips
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