Price has rejected off the top of the long term channel making an evening star formation, showing that a bull trap has been made to trap buyers & sellers quickly pushed price back below the yearly high resistance. Momentum shift now, will be anticipating that price will now look to make its way back to the bottom of the ascending trendline in the upcoming weeks ahead..
Comment
⋅
H4: A clear breakout of the pink support line / structure will confirm downside.
Comment
⋅
There is the move, perfectly as anticipated, a break & retest of the pink line caused a huge selloff, & was able to catch the upside move on EURUSD. Follow me on telegram for live updates : )