Price is in horizontal channel and it created double top pattern. So, we will look for sell setup from 1h tf (candlestick pattern, chart pattern....) after price break trendline and will want to finalize pattern.
Price will long termly continue to neckline after breakout. Maybe we will see retest on bull pennant or straight moves to inverted HaS neckline because of economical situation. Share your own idea to the comment below! Subscribe my profile and don't miss any analysis Go check my friend's charts -> MARXOW
Same situation like a week ago. HaS or Inverted Has on 4H+ tf always come back to their neckline after completed breakout. Share your own idea to the comment below! Subscribe my profile and don't miss any analysis Go check my friend's charts -> MARXOW
3rd touch on trendline and ascending wedge= good entry to sell and RR ratio
When price break wedge then place buy order.
Price retesting HaS neckline. We are looking for pattern on smaller time frame or candles formation for Long order.
Price may retest HaS on 4H tf and then will go down and first stop will be support of left shoulder and maybe it will continue down to touch trendline.
Price is still inside small channel. We will looking for some reversal pattern which will confirm our correction to fib 38.2%
Price is in strong downtrend and back in position where was before spike. When it will break strong support on 109.68 there is a high chance it will go down to 109.20 or 109.00.