Multitouch confirmation on the interior bearish trend
There is a breakout on structure and the breakage of the sensitive resistance area which turn into a support.
There is a rejection candlestick which confirms potential moves to the upside.
Potential shorts on this pair? As we can see here, we had and impulse move to the downside just after the breakout and retest of the main corrective up trend. now price has corrected and created a mini bearish flag which is signaling high probability shorts on this pair.
The rejecting of the supporting zone and the trendline may create potential buys. we have a trend inside a trend and creating major bullish trend due to the breakout and retest of the bearish trend
We have breakout at the diagonal Support (Trend line/Channel) and horizontal Support in favour of bearish movement. Double top pattern from @0.90640 area.
Price is rejecting the resistance @1.36025 forming a potential Double top pattern. Also rejecting the diagonal resistance of the overall bearish trend, and it created an ascending channel.
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Creating Bearish Bias
