WE CAN SEE WE ASCENDING CHANNEL HAS BEEN BROKEN AND THEN RETESTED 78.60% FIB RETRACEMENT RESPECTED AND WE SHOULD NOW SEE A PUSH THE DOWNSIDE ON THIS PAIR
WE HAVE OVERSOLD STOCHASTIC AND REVERSAL DIVERGENCE IN PLAY ON THE D1... WE CAN SEE PRICE HAS REJECTED OUR RESISTANCE LEVEL AT 0.17974 WITH MULTIPLY TOUCHES... I PERSONALLY WOULD WAIT FOR MORE CONFORMATION TO SHORT THIS PAIR... I.E. LOWER HIGHS AND LOWER LOWS OR DOUBLE TOP LIKE WE HAVE SEEN IN THE PAST AT 18-12-18 & 17-01-19.. GOOD LUCK AND ALWAYS RISK MANAGE..
LETS SEE IF PRICE CAN PUSH UP AND RESPECT OUT TREND LINE..
SUPPORT RESPECTED AGAIN AT - 0.67196.. HIGHER HIGHS AND HIGHER LOWS HAVE BEEN CREATE ON H4.. LETS SEE IF WE CAN HAVE A LONG TERM MOVE BACK UP TO OUR D1 RESISTANCE ZONE, WHICH HAS BEEN RESPECTED SINCE DECEMBER - 0.69013.. ENTRY - 0.67558 SL - 30PIPS GOOD LUCK!
STRONG WEDGE FORMING.. RESISTANCE HOLDING WITH MANY REJECTIONS.. LETS SEE IF PRICE CAN PUSH BACK DOWN TO OUR TREND LINE 1.91449.. BEFORE GETTING BACK IN LONG AND BREAK THE TOP OF WEDGE AND RESISTANCE ENTREY BELOW 4H LOWER LOWER - 1.193199 SL - 50 PIPS