The pair retraced off 0.236 on the Fibonacci retracement tool and reached 129.000 by sunset South African time.
at this region we have seen previous tests and it is a region of mass consolidation.
what u have identified here is a DOUBLE TOP with Rejection Evening Star, Indecision and Consolidation.
the pair is on a Downtrend and have eyed an Entry at the trendline retest.
Entry is at 128.880 and Stop Loss is at 129.092
at this region we have seen previous tests and it is a region of mass consolidation.
what u have identified here is a DOUBLE TOP with Rejection Evening Star, Indecision and Consolidation.
the pair is on a Downtrend and have eyed an Entry at the trendline retest.
Entry is at 128.880 and Stop Loss is at 129.092
Commento:
PLEASE EXCUSE THE HEADONG TYPO "AUDUSD" IT WAS MEANT OT BE EURJPY