What are information can we get on the Daily and 4H chart analysis:
1. The price is again rejecting a key resistant area marked at 1.38631 price level which clearly visible on both timeframes and hopefully it'll form a double top formation
I'm looking forward for the price to do a retracement based on Daily timeframe which probably land first at 1.37528 of support area followed by 1.36853 (both are located at 61.8% and 38.2% of daily fibo level)
2. My entry ideas will be at 4H timeframe:
a. The break of the support trendline or retest after the breakout for Short position OR;
b. The rejection/pullback from the support trendline for Long position
1. The price is again rejecting a key resistant area marked at 1.38631 price level which clearly visible on both timeframes and hopefully it'll form a double top formation
I'm looking forward for the price to do a retracement based on Daily timeframe which probably land first at 1.37528 of support area followed by 1.36853 (both are located at 61.8% and 38.2% of daily fibo level)
2. My entry ideas will be at 4H timeframe:
a. The break of the support trendline or retest after the breakout for Short position OR;
b. The rejection/pullback from the support trendline for Long position