price reached the weekly resistance and closed below, the Daily is forming a head and shoulder pattern, and the H4 timeframe is showing a downward drop with a descending channel price has reached the low of the trend and line and is currently retracing to the top of the trendline before further drop.
I will be watching for price to close below the upper trend line and give a strong bearish confirmation before selling the pair.
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Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.
I will be watching for price to close below the upper trend line and give a strong bearish confirmation before selling the pair.
Like/comment/follow to get notification updates on this and other ideas.
Disclaimer: Trading foreign currencies (forex) is not appropriate for all investors, and the risks of forex trading can be substantial. You should carefully consider whether forex trading is right for you in light of your particular circumstances and financial resources.