Please realize that this is my first post and I am new to forex. Based on the structural indicators that I set up using the Fibonacci and the equidistant channel, I predict that the chart can take either one of two course of actions. It can go long and peak at where the previous tweezer top
formations were creating a head and shoulders
, then continue to make its way down, or it can break the 618 level and continue down rising back up to the .5 level and then moving back down.