There was a false breakout circled in RED . My previous analysis has proven to be wrong, so this is an updated analysis.
It is interesting to see the price has broken out and closed above The First Resistance Zone
Now we can look out for bullish movement toward Fibo 1.5-1.618 between the price of 1.57385 and 1.57636
MACD Cross-over occurred and now passed...
The price had been moving into a triangle pattern upward to the resistance zone .
As you can see the price broke out from the support trendline and showing a downtrend which now has retraced back to the Baseline (Kijun-sen: cyan color).
It might the first signal to go " SHORT "
Fibo Extension drew from 1.56742 > 1.54284 then up to 1.56414
As a result, the...
