Price broke the support zone on 23RD of November and used same zone as a resistant zone which ended up forming a double bottom, and price went on to break the zone and formed the December highs which came back and gave a false breakout. My expectation for this pair is to test the support zone which will boost it's momentum to the highs of December, price analysis...
Price to break the now support zone and make it as a resistance, then price might head to the 32530 support zone and see how it reacts there, so for now, that will be the take profit zone while shorting.
As we can see price has it's last level to be done with the trend, and also a bullish wedge pattern that signifies continuation of trend, these two alone, is okay to confirm the bearish movement, so the next option now is to go to the lower timeframe and look for sell confirmations. NOT A FINANCIAL ADVICE.
Price broke out the resistance zone and it's heading to the support zone in which price has tested so many times, and price might head to the 140.780 zone, but note that the price zones listed on the short projector isn't valid as a limit order or stop order, but just to display where I want price to head to.
Price just started it bearish move which might react to the support zone below, before going to one of those resistance zones