This pair has been respecting and playing around yellow area support/Resistance. I am hoping and expecting it will continue with this and start to fall back to lower trendline. Besides the support resistance area I have noticed a bearish flag pattern and is also around a key Fib level.
Price is currently in the a fourth wave of the Elliot wave principle and expecting it to complete the fifth wave. I will only enter if a see a reversal candle from Daily and Weekly Timeframes and if resistance was respected.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.