Recently this pair showed a second double top at the same resistance level.
I predict the pair will go down to complete the second shoulder of the inverted Head & Shoulders.
After that, it could go up to test the neckline of the formation.
IF it breaks out of the neckline resistance, we will have a much better chance of a long position.
For now, watch the price for a bounce from either 1.0470, or the level below it at 1.0412
I predict the pair will go down to complete the second shoulder of the inverted Head & Shoulders.
After that, it could go up to test the neckline of the formation.
IF it breaks out of the neckline resistance, we will have a much better chance of a long position.
For now, watch the price for a bounce from either 1.0470, or the level below it at 1.0412
