the price close under the resistance (1.4002) and the bearish ABCD pattern that is formed under that same resistance makes me think that the price will be dragged down to 1.3929/1.3870 levels and maybe more .
the bullish scenario is hardly to happen if price breaks above the resistance with a clear green candle and showing bullish strength , in that case the price should pump all the way up to 1.4175 and maybe more .
this analysis is for educational purpose and to help you with your own homework about this chart and not a financial advise ,please stick to your own trading plan and your money management.
the bullish scenario is hardly to happen if price breaks above the resistance with a clear green candle and showing bullish strength , in that case the price should pump all the way up to 1.4175 and maybe more .
this analysis is for educational purpose and to help you with your own homework about this chart and not a financial advise ,please stick to your own trading plan and your money management.
Comment:
like mentioned a break to 1.4002 is potential pump to 1.4175 level.