Assuming that today's high was a correction, we can have the current price as a good price for selling. The take profit is at a previous low, and stop loss at the strogest bear point. Thanks good look.
I think there is a high probability of breakdown and stophunting to the sellers stoplosses.
We can se a pattern in bigger charts, and formation of head and shoulders on small ones.
We are in a long term downtrend, so this can be a possible good sell set up.,
Pullback and possible rise.
We can see price above 38% fibonacci level, i think this can form a head and shouder or a double bottom as well. Thanks.
Nice point for go long becouse of the support zone it is now, but the market can go down to.
this is an important point, think here te better is wait for pattern during consolidation, and be able for buy or sell.
It is a good idea to look to daily trend reverse possibilities.
As this pair is going to an importante support zone, i think this breaout can be strong. But anything can happens, thank's :).