The price is forming a triple top pattern on that resistance zone (red zone), and the top of a channel, also we got a .38 Fib level above that red zone giving us some confirmations that the price could move down, also we got a bearish divergence on the Stochastic. to enter a trade we will wait for a bearish confirmations on a lower timeframe
For the full analysis and quiality signals service contact us on Telegram: FedericoGallo - @Mr.Flawlezz Instagram: Forex_Society
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.