-Emas crossed bearish
-M or H&S forming
-Daily closed below the 1.34 zone
-LL made
I think that due the daily candle closed below the area, and we made a lower low, the price might fall down, but i sense that in might not fall down right away, hence the wide stop loss, its more of a swing regardless the time frame.
Downwards we have a trendline that has been resistance and support, and the fib level kinda matches the zone, so i think that is a nice TP area, is the move is strong, i think that a fall to the pink line or even the 78% lvl might be in play
-M or H&S forming
-Daily closed below the 1.34 zone
-LL made
I think that due the daily candle closed below the area, and we made a lower low, the price might fall down, but i sense that in might not fall down right away, hence the wide stop loss, its more of a swing regardless the time frame.
Downwards we have a trendline that has been resistance and support, and the fib level kinda matches the zone, so i think that is a nice TP area, is the move is strong, i think that a fall to the pink line or even the 78% lvl might be in play