Something to watch going into next week, as long as were under this trend line ....
Same chart as earlier however I added FIbo and another trend line and noticed the price action was at the .618 as well as retouching the underside of a previously broken trend line. Im still short with a stop at 1.3298, risk is very small at this point and if i get stopped out I will look to re short in the 134 area or a touch up the ascending trend line in that area
Could try a short right here with a stop at .3298. And if we get a solid break and retouch I would target the 1.34 area before continuing to short the overall bear trend
No matter what happens longer term im looking for some bearish action to play out soon. Lots of divergence across several time frames. Looking for that action to take us around the 1.3 area to play out the wedge. Could see a move up to 1.3340 before that happens however to finish out the wedge. If we break upwards out of this smaller rectangle I will look to get...
Its all on the chart. These are the levels im looking for.
If it breaks down Ill get short on retouch and target 1.3 area. RSI divergence helping bias. If TL holds Il try a long.
Follow up on a chart from a couple days ago. Just following the breaks still