- Price touched resistance which has shown to be strong in the past;
- RSI and MACD are overbought on Daily;
Waiting for clear candle pattern beginning of next week that confirms reversal towards 0.7350 and 0.7140.
I'd like to see a doji at this level with a clear bearish candle following it.
It's not the most solid setup given we just broke higher but at least TP1 can be reached considering that price can retest previous resistance level turned support. It will depend on the price action and the news we get from Australia.
- RSI and MACD are overbought on Daily;
Waiting for clear candle pattern beginning of next week that confirms reversal towards 0.7350 and 0.7140.
I'd like to see a doji at this level with a clear bearish candle following it.
It's not the most solid setup given we just broke higher but at least TP1 can be reached considering that price can retest previous resistance level turned support. It will depend on the price action and the news we get from Australia.