In my previous analysis(see link below) for the pair I was looking for a new bearish
wave of the resistance zone
market above, indeed the price successfully retested and resumed the bearish
wave, evolving to a bearish head and shoulders
top pattern, and completed the pattern by breaking below the upwards slopping trend line
. Accordingly, upside pullbacks remain shorting opportunities, with a stop just above the right shoulder.
Price is trading below my first target for the previous analysis, and am looking for extended targets now following the breakout. Full target of the pattern is around 1.4500.
Good Luck, Join me @