unsure on this pair as macd and 200 ema say long however as I've shown a double top has been formed and the neckline is broken potentially indicating a short any help appreciated thanks.
2 possible options here, the price has repeatedly rejected the marked zone so my bias will be a break to the downside to the 1.66 area, option 2 is we gain momentum and manage to break the zone a continue upwards in which case I will wait for retest before buying.
Looking to break the marked levels to confirm the change in trend before shorting
I see a double top formation here as well as a break of the neckline, I will wait for a break of the trendline before taking shorts
Waiting for price to retest the key level before entering short positions
I see a double or even a triple top formation aswell as a pinbar candle to confirm the reversal, once the trend line is broken I will be entering shorts
waiting for the break of the previous level before taking a buy here. Let me know your thoughts
2 possible options here and they depend quite heavily on the dollar strength at market open, I believe this pair will continue upwards and complete the 5th Elliot wave before entering a distribution phase above the marked area
looking at a continuation of the downtrend, the dollar has recovered slightly at the end of last week but not much. let me know your thoughts.