Idea is to take a short when price meets the Trendline and Resistance. Harmonic pattern is another confirmation for reversal.
I'll also be looking for a dog or engulfing candle for extra confirmation of bearish move.
Price may currently move lower from where it is. 1 hr shows double top.
This setup is in bias correlation with the EURUSD, GOLD, and DXY charts.
I'll also be looking for a dog or engulfing candle for extra confirmation of bearish move.
Price may currently move lower from where it is. 1 hr shows double top.
This setup is in bias correlation with the EURUSD, GOLD, and DXY charts.
Comment:
An additional insight, price also formed a wick to the low touching the 14 and 50 ema's, which may give price enough momentum to break though resistance.