This pair's behaviour is too erratic
As it is seen, price has been touching the Supply Zone but no visible price action is seen yet.
Since it is not clear what the price may do, it is best to observe it over the next few weeks in the Weekly and Daily Charts, to see
A) whether it will be pressed down and remove any opposing zones for SHORT opportunities OR
B)...
Whats up traders,
One of two things will happen, one being price will reach the bottom of my box, and rise again, continuing consolidation. Two price will fall below the red box and keep falling into the blue box.
Let me know what you think is about to happen next!
I am looking for another entry on this pair.
It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.
Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.
Right now I am looking at an entry around 131.6 and 1311.99.
I will be looking to sell to 129.5 to 129.9.
Folling on from my possible cypher pattern on the 1hr chart
we could have a double top forming on the 4 hr chart
If we see this candle not claose above the previouse highest close I feel we will see a drop
