A confluence of resistance above price.. perfect time to swing SHORT!
In my opinion price is not done descending.. it has to touch the strong ascending trendline before growing up and possibly breaking out of the descending channel.. or most likely it will break the ascending trendline and go further below 1.16 similar to what happened in 2018.. Final target is 1.12300, completing a big h&s pattern on weekly chart
I think it is going long before continuation of short
Just another higher low..supported by fib and divergence..✌🏻
I think the floor is too strong to break.. it will bounce up! #W
I think it will go up until it hit the strong resistance.. #notasignal
I expect it will break out of the small channel since it's gonna be facing the famous strong resistance line, however it won't continue down for too long as there will be many support lines that will push price back up! Note: this is not a signal.. just my thoughts on my favorite pair!
I suspect 1 last short opportunity before overall longterm bullish movement and continuation of inverted h&s pattern.. just my thoughts!