The weekly timeframe:
It has created an inverse head and shoulder Chat patterns on higher timeframe, the overall trend is a downtrend but temporarily bullish on a weekly Fibonacci zone.
Daily Timeframe:
There's a consolidation going on it has now tested the support level twice which might test it third time before another bullrun, if the bullrun break out the Resistance of the consolidation then we might go as high as 1.26000.
Entry on 4hr
Entry-1.20990
Sl-1.9960
Tp1- 1.22770... Tp2-1.24140
Tested the support went up and reversal to test the support and support trend line... First TP and 2nd TP set.
It has created an inverse head and shoulder Chat patterns on higher timeframe, the overall trend is a downtrend but temporarily bullish on a weekly Fibonacci zone.
Daily Timeframe:
There's a consolidation going on it has now tested the support level twice which might test it third time before another bullrun, if the bullrun break out the Resistance of the consolidation then we might go as high as 1.26000.
Entry on 4hr
Entry-1.20990
Sl-1.9960
Tp1- 1.22770... Tp2-1.24140
Tested the support went up and reversal to test the support and support trend line... First TP and 2nd TP set.
