If the 4h and daily candles break and close below that ascendent trnding line and those 61 and 50 fibs (also below of that long range)it can drop nicely. Lets see
After see a possible double top formation at the monthly PRZ and having engulfin candles there we can sell right now or maybe wait to confirm the pattern by closing below the neck
Here we can see a risky set up ... but it can work. In the 1h timeframe we can see a three inside down and is reinforeced by a doji with a reeeally long upper shadow just touching the lower part of the mensual prz. IF one 4h candle close below that 78% fib we can sell and it might drop some 100 pips
For this pair we can see a double bottom formation that just broke the neck and also the bearish TL. We are waiting to see the retest of the 38% fib /that is the same neckline) to confirm the reverse and buy
This is a simple set up where the price is almost in the top of that 4h channel and also is aligned with the 78% fib and there is a beautiful doji formed.
The price just broke that 4h bullish channel and also a 50% fib level. The price came from a really nice doji reversal formation showing a looooong reject to several fib zones and also TLs... Right now the price is trying to break the monthly PRZ and a 38% fib level. If this or the next 4h candle can close below those, the price can fall a lot more, near to 18.81
