price touch horizontal support and Uptrend trendline.
Price also complete Cypher pattern. This is good setup trend following.
Entry Setup will be on the smaller TF
If price really have a deep pullback, i'll consider to take a short position.
After previously price make a double top, for entry strategy we can use 2618 trade setup.
2 targets on chart, stop above the head
look for another downside on pullback to 61.8 level.
on this level price may complete bearish bat pattern and deep crab.
Also retest the neckline.
we can short on this zone
Price currently still in the downtrend. we can expect more downside.
price break correction on rising wedge and retest.
we can expect ABCD pattern for short target
will consider to sell on complete cypher.
hope the previous structure resistant strong enough to hold the price.
as in the bigger picture this pair still in the downtrend
Price complete bearish gartley and retest resistent level and EMA90 as dynamic resistent.
we can consider to take a short position for trend continuation
this pair complete bullish butterfly on the daily support.
we can use this pattern for reversal entry strategy.
Bullish Bat also complete on the bigger TF
Potential Head and shoulder is in the making. RSI Bearish divergent
we can short this pair on the right shoulder
first target at least the neckline.
Stop above Head
Price pulling back after break double bottom neckline.
buy on pullback retest or wait at 61.8 level to use 2618 trade setup.
target on chart, stop below double bottom
