I believe it will be a sell because if you look its a down trend and if you use the ichimuku indicator it's below the averages lines on 15m TF, 1h TF, and 4h TF. It also has not been able to break the support line at 1.31737. I believe TP will be around 1.29952.
I'm expecting price to shoot down a bit towards 1.06444 or below and then shoot up to 1.07552. I see that this is the second leg of a W formation so I'm hoping to possibly Buy.
I believe this is a buy on the H1 TF. It couldn't break that bottom resistance line and it seems to be forming a W formation. It's also above the MA on M30, H1, and H4 indicating an uptrend movement.
Upcoming buy. On the Daily TF it looks like a W is in formation. On H1 time frame it is on the bottom bolinger band. I'm expecting price to go a little further down. I'm hoping that on the H4 TF it hits the bottom BB + on the M30 price breaking the downtrend, then it'll be a possible short buy.
Right now price is above the bolinger band and I'm expecting price to shoot up a little more towards the overbought zone on the RSI and then it'll be a possible short sell taking profit at the 50MA or just a little before that (0.67272)
I believe it will be a possible future buy because indicators show it is below the bottom BB and it's also in the oversold area of the RSI. It can shoot more down but eventually it will be a buy and go back up towards the 50 MA.
