the pair has reached a level of resistance on the 4H chard should it break we could be looking to go long
but more likely to be a short position as on the daily timeframe looking like a possible head and shoulders formation.
on the $h chart it looks to have formed a descending channel, the upward movement was a retest of a much bigger bearish movement.
but more likely to be a short position as on the daily timeframe looking like a possible head and shoulders formation.
on the $h chart it looks to have formed a descending channel, the upward movement was a retest of a much bigger bearish movement.