Under resistance, im leaning more to the downside on this pair, but if we get a break above resistance & the 61.8 fib I will look at a potential continuation of this pairs uptrend.
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I am also seeing a potential head on shoulders pattern.. So id watch for a bearish engulfing candle for potential shorts
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I will look for a break of the blue supply zone for additional shorts
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aussie is currently weak most likely short term, so I will wait for more confirmation or a break of the CTL which price has done a few times in the past & is repeating itself again
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price fell 50 pips since I posted hit the 61.8 fib & pushed away as expected : )
@jtiwag, yeah it is, but its making a deeper retracement. If it breaks the daily uptrend line down low, I will look at a reverse of trend at that point..