Rising Wedge am looking forwarding selling the pair if it reject... it look good for swing trade.
Am about to hit my TP on this one then am expecting an inverse Head and Shoulder Formation...
It look like its gonna be bullish up to 1.16000 Zone, if the sellers are joining in we will have a reversal of a Double Top to go Bearish which is the overall trend on this pair...
looking at that pin bar i still believe its gonna go little more up overall trend its bearish...
My view on this Pair, its more of a Double Top Formation am looking forward to sell it... when it break an re-test the support line its also good for swing trades if you like to swing along with it on small time frame. remember to use risk management according to your Account Size.
So far its going according to plan, lets see how we gonna finish this week.
Trend Line Strategy we only following the trend trading what you see, the Channel was broken an retested were on a bearish trend where we will be doing swing trade using Elliot Wave on a bearish channel.
On a daily Time Frame it formed a Double Bottom that tells as that its gonna take a bullish move till the 127.400 Zone then it will reverse to break the trend line for a long term bearish move.