The overall trend on this is bearish and it has a steep downward slope, however, as a little entry and to bag a few pips, I am thinking as per previous support price will hit the purple shaded box and bounce off towards the blue diagonal line and then continue the bearish trend.
Deciding to post this again and see if target 1 plays out.
Looking to enter long here and use previous structure to set target 1 (GREEN LINE) and target 2 (BLUE LINE) and SL at (BACK LINE). Although I am wary that price has broke the black line but has no closed below.
Just a thought on how it may go... side note did not add to the chart previous resistance of 1.31314 might become support
Having looked at previous structure I believe that there might be a breakout soon enough
Looking at previous resistance and RSI overbought signs reversal could occur
Watching price and predicting long on previous structure as lines on the chart demonstrate.
Watching price, given previous structure, if price consolidates in the purple shaded box, I will look to go long.
Previous structure indicates a break or previous high
Looking at previous structure and the closing wedge on the watchlist to go short. Potential double top as well.
The red line drawn demonstrated price has like to hover around this area, consolidate and then make its move from there.
Price previously broke above green line and previous structure demonstrates support for price to enter the purple shade box and go long.
As seen from the first wedge, bearish movement, same to happen again?
Looking at previous structure possibly could be heading for black line resistance
As we can see from previous structure a trend has formed therefore looking for price to enter the shaded box and look for it to go long and get in.
Hit double top and price bounced off previous high... looking to get in but careful about breaking the resistance