Two scenarios:
Bearish divergence is already present.
a) Bullish ABCD pattern in which I’ll be targeting the 61.8-78.6 Fibo retracements and see if another bearish pattern formation it presents to resume downtrend.
b) Bullish shark projection which could be taken in advantage from point C and targeting support at 0.6935
Note: Bullish crab pattern on D1 (green), still hasn’t present more reversal signs… so I keep bearish
Bearish divergence is already present.
a) Bullish ABCD pattern in which I’ll be targeting the 61.8-78.6 Fibo retracements and see if another bearish pattern formation it presents to resume downtrend.
b) Bullish shark projection which could be taken in advantage from point C and targeting support at 0.6935
Note: Bullish crab pattern on D1 (green), still hasn’t present more reversal signs… so I keep bearish
Comment:
Bullish crab on D1 chart advance and now, I’m more into paragraph a). Bearish divergence is present and heading to 61.8 – 78.6 fibo retracement.
