Why? Because we have trend line support at that area. Why? Because we have a double top trend reversal formation.
And Then You Can see where the 618 was support in the past if you look at the green arrow.
So the trend line support area just so happens to be around the .618 and as you can see , traders took profits at that area the last time!
All of this information gives us the probability that the pair is a sell!
And Then You Can see where the 618 was support in the past if you look at the green arrow.
So the trend line support area just so happens to be around the .618 and as you can see , traders took profits at that area the last time!
All of this information gives us the probability that the pair is a sell!