late night analysis - possible short around market open looking to take profit around recent structure lows (previous demand zone).
I'd like to see a bounce and break of this daily down-trendline before I look for opportunities to take this pair long towards 1.675-1.68020_1.68280. A double top may be expected around these levels or a possible head and shoulder/reversal pattern as displayed on the chart.
Green zones highlight possible short entries on this daily timeframe.**If price stays above 1.65 expect the reversal pattern to happen sooner then later ;)
aka abort green sell entries and patiently wait for the optimal sell.
As always good luck, I hope everyone is having a pleasant weekend.
I'd like to see a bounce and break of this daily down-trendline before I look for opportunities to take this pair long towards 1.675-1.68020_1.68280. A double top may be expected around these levels or a possible head and shoulder/reversal pattern as displayed on the chart.
Green zones highlight possible short entries on this daily timeframe.**If price stays above 1.65 expect the reversal pattern to happen sooner then later ;)
aka abort green sell entries and patiently wait for the optimal sell.
As always good luck, I hope everyone is having a pleasant weekend.