The pair, after reaching our bullish TARGET FLAG, has tried three times a bullish brakout, but without success. Thanks to our careful analysis of the resistance at the beginning of 2016 we opened short position and we followed the potential bearish leg, and this happened!
- ANALYSIS -
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- SETUP -
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NOTE: Keeping in mind the "DOUBLE TOP", we could expect a bearish consolidation:
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Now we need calm and patience, because in the coming days, this pair could develop continuation or reversal pattern on minor Time Frame (Daily and H4). If you think that the publication of this analysis is useful for your trading, you can make your contribution, click "I Like" button on all the charts that we published here. Thank you wery much!