Simple trend continuation pattern of a very good sector´s company.
Mirror in Koncorde and priced rejected for second time on 47 after a nice correction.
This pair seems to be testing the broken resistance, likely to bounce and hit the top again. However, it seems it is loosing momentum, it may be the time to turn down again after the double top.
Based on the last bearish impulse I am expecting a correction to the previous support and another impulse to the trend line
After the impulse we had in this pair, I will wait fot a pullback to the resistance and a breakout of the trendline to short it
Some weeks ago, this pair broke its channel. Afterwards it started its pullback to the previous support on 1.62. I am expecting a big move up, at least up to 1.72 and I am going long if it clearly breaks the trend line above the price.
I am wating for the TCP formation to break to go short in this pair
Forming a TCP up the previous resistance to keep going to the bottom of the daily trend or even lower to the bottom of the weekly trend.
After showing that SHS pattern I think this pair may move back to the trend line.
In the daily trend continuation pattern the price bounces on a important support and gets a big impulse. It seems this may be the wave that breaks the weekly trend line to push the price up and up. We´ll see.
After being rejected many times, I belive this pair will go back to the trend line and possibly breakout and start its way down.