UnknownUnicorn5976739
Waiting for a deeper pullback into trending support
Price pulling back into MTF support zone. Further push higher expected
Strong bearish impulsive move into a small CS (Corrective Structure). Clean NVT (Non-Volatile Trend) in place which shows there is strong bearish presence and minimal bullish fightback. Weekly Support zone is approaching so bulls may have limit orders banked up and push back hard. I anticipate some profit taking soon from the bears.
Short opportunity if price re-tests resistance. No support zone since June 2015.
Impulsive buying, corrective pullback, impulsive buying, corrective pullback, ???
The pair is consolidating below a key resistance zone. It has failed to break above and possibly preparing to break below.
Waiting for the pullback to key support zone and continue to extension up to and if not through prior highs.