Trend Direction: Down, Trend Validity: Valid, Volume: Low, Zone D/S: Demand
Stage: Consolidation, Retracement.
Levels: Horizontal Resistance, Channel Resistance, Trend Resistance, Fibo Level.
Continuation Patterns: Bearish Rectangle.
Reversal Patterns: Double Tops, Rising Wedge.
The pair is more likely to be bouncing inside a rectangle pattern, and approaching interesting levels (horizontal resistance, down trend line, and 38 fib)
Two areas for entry:
bouncing form the resistance (red line on the chart), or breaking the rising wedges on the H4 chart (below)
[img]
[/img]
Good luck :)
Stage: Consolidation, Retracement.
Levels: Horizontal Resistance, Channel Resistance, Trend Resistance, Fibo Level.
Continuation Patterns: Bearish Rectangle.
Reversal Patterns: Double Tops, Rising Wedge.
The pair is more likely to be bouncing inside a rectangle pattern, and approaching interesting levels (horizontal resistance, down trend line, and 38 fib)
Two areas for entry:
bouncing form the resistance (red line on the chart), or breaking the rising wedges on the H4 chart (below)
[img]
Good luck :)
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