I am looking on this pair 2 touches to the down side.
We have this pair in a very high-value area for a sell-off and overall daily double top. The LTF is also shaping up for a deeper pattern before the next impulse lower.
We have this pair in a very high-value area for a sell-off and overall daily double top. The LTF is also shaping up for a deeper pattern before the next impulse lower.
I will be looking for a RE at the third touch area and an overall extension of the expanding pattern for a large downside move to the bottom of the pattern.
I will be looking for this pair to complete the overall pattern and tag the daily double top high-value area before the sell-off and next impulsive wave.
Following this momentum, this pair looks to continue lower with the amount of selling pressure already. The LTF pattern is clear for a sell to the ray line target.
The daily expanding formation is showing signs of heavy selling pressure. We can also see this now on the LTF and the weekly candle close is also full of momentum.