Price Action Is About To Drop

Lots of signals coming in from this pair. The first thing i see is the head and shoulders pattern, price action is breaking a trend line as we speak, when it does break through it, that's a good signal to sell! The neck line of the head and shoulders corresponds with a support line, and a pivot point area, that tells us that strong support is there, and if price action breaks through it, that's a great opportunity to sell! Price action has also formed a 123 top, and the number 3 point touched the pivot point level and formed railway tracks informing us that prices are about to fall! We have a double top forming right at a resistance level, price formed the double top resisting that level and started to drop! On the hourly chart we can see price action formed a doji right at a pivot point level, informing us that it has resisted that level and will now look to head down! The 4 hour chart has its own 123 top pattern! On the 15 minute chart we have a perfect triangle with price action breaking the lower band, telling us that its about to head down! With so many signals collected, that should be saying something to you, and that is, SELL SELL SELL!

Comment:

I now have doubts about this trade. I see indication of price action heading up. When i have 2 conflicting theories I usually stay out of the trade, but since im in already, I have to take a small loss