Hello
After breaking the ascending triangle pattern, we expect the pullback to move to the daily resistance zone
After pullback, it is better to look for the entry point in 1 hour
We are currently breaking the pattern of the ascending triangle. We expect the price to continue to move upwards after the pullback to the price triangle. Also, the number 1.29000 is of interest.
If the price penetrates the triangle, the probability of the price moving upwards will disappear.
The formation of the QM pattern in this currency pair and the two-shoulder extension in Fibo 50% and the formation of the candle pattern of the evening star sometimes, all of these can be a good signal for selling and moving the price down.
The price is stuck between the two areas of support and resistance. After the failure of each area and according to the pullbacks, it can be bought or sold. In the daily time, candlesticks and evening stars can be seen. Due to the failure of the Moving Average 200 and the pullback to it and the daily time candlesticks, we expect the price to move downwards.
Due to the support area and the return of the price from this area and the formation of shooting time in daily time, there is a possibility of continuing the downward trend from the resistance area, which is equal to 618 Fibonacci.
The second case is to see the formation of a double top and then the price begins to fall.
