After that huge rejection candle marked on the rectangle the price action has been a bit choppy for a few days having retested the resistance area twice. After yesterdays bearish engulfing candle today the pair has broken the support and I expect it to reach the 1.605 area (support not retested in the uptrend movement)
This is how I have played this trade (already active) :
The pair broke that minor area of support (thick blue line) and it restested it, I entered after that little rejection candle marked with an arrow.
This is how I have played this trade (already active) :
The pair broke that minor area of support (thick blue line) and it restested it, I entered after that little rejection candle marked with an arrow.