Am waiting to see whether price will break through resistance to test upper TL with a view to shorting from there, or if price will be rejected and to take the short below resistance.
Strong level of resistance. Bearish candles. Potential bounce and retest of resistance.
Currently in a downtrend. May fall from just above 76 and fall to support at 75.00
Up trend on the weekly. Currently about to hit top of the channel and potentially retrace.
Given the recent bullishness seen with this pair there may be a slightly deeper pullback before the longer term short. Today's R1 sits on the 61.8 so it may turn there or slightly higher on R2.
Potential short from .38 to .618 which is also an area of support. Bearish candle
Selling on basis of bearish candle, overbought RSI.
My first published chart. Not sure how to get the PA further down on the screen, sorry. Appreciate any comments or suggestions. Thanks.