sayproplease

sayproplease

As mentioned the best price to get a long position is 1.058 but there is also a scenario if price doesnt fall down to key level

sayproplease

as we can see in the chart we are in a price which is interesting for banks to put buy orders on also the wedge pattern confirms the idea above but there are two possibilities 1) Price rise up as blue arrow shows 2) Price retrace to the support area to fulfill more buy orders from banks to get strength to rise up

sayproplease

depend the action of the banks and the influence on the market i think the price may go up to fulfill the bank's orders to sell plus there is a wedge on the chart and confirms the idea to JPYEUR's fall

sayproplease

2 Wedge patterns Confirm that Price will increase we can wait for price to Breakout the resistance line so there will be a third confirm that would be the time for entering

sayproplease

We have 3 technical analysis which confirms the price will decrease 1)RSI divergence 2)Wedge pattern 3)Strong long term Resistance

sayproplease

Long term trade lane + long term resistance zone + long term divergence show us that the price will fall down by technical analysis