See related post regarding this.
We saw a huge rejection of 1.0937 (recent high) to form a possible double top setup. Question now is if we are going to see a good break below horizontal support (1.0954) and trend line support. Looking to short if the bears continue lower with conviction.
We saw a huge rejection of 1.0937 (recent high) to form a possible double top setup. Question now is if we are going to see a good break below horizontal support (1.0954) and trend line support. Looking to short if the bears continue lower with conviction.
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Looking more like a sideways break. Staying in the sidelines for now.
