Look for upside for this pair.
After make a double bottom, i expect some pullback to the neckline or 61.8 level for 2618 setup.
on complete 2618, will be a right shoulder for potential Inverted Head And Shoulders Pattern.
target on chart. SL below double bottom
price rejected at 78.6 level and on the resistent area.
we can expect another downside movement.
pullback to the red marking will be the best price to take a short position.
Overall price is still in the bullish movement.
Currently price in the correction structure and potentially make another impulse to the upside.
I expect some downside to complete the patterns and test the support area before it take off
This pair potentially make a head and shoulders pattern.
price may retest the 61.8 level and previous structure to complete right shoulder.
if it's happen, will consider to take short position on the right shoulder
Price still in the correction.
Another sell will be taken when price complete bat pattern.
Bat completion also confluenced with 61.8 level for 2618 trade setup.
Long setup using trend transition.
we can take a long position on the potential right shoulders, confluence with the neckline
3 target on chart.
final target is Cypher completion.
Stop below head
Overall this pair is still in sideways condition.
Currently the price is re-testing the previous low.
price may make another movement to the upside.
RSI also shows bullish divergent and triangle pattern on TF M15 has broken.
