trendline break , price retest the neckline after previously make a double top .
will consider to take short on retest neckline or 61.8 level to use 2618 trade setup.
first target is in the support zone .
Price looks break the channel and retest.
But we still have opportunity to short this pair when complete cypher, retest previous structure and complete minor ABCD.
Classic trade strategy, break and retest.
we look for transition on this pair.
We can expect some Short term trade for downside.
target on chart, stop above previous high
Price pullback to 61.8 level confluence with 1.618 ext on the structure level and we can consider to short.
check price action to get best entry.
RSI also show hidden bearish divergent
Price break trendline. we can aim these two potential pattern.
If price coming back to demand zone and complete Gartley Pattern, I will take a buy. But if price continue going up and complete Butterfly pattern on the supply zone, I will consider to take a short position.
Long opportunity on this pair. Price complete gartley on retest previous structure.
for now we try to long from the bottom. but when break the falling wedge will confirm more upside
After bounce from demand zone, price break trendline and neckline.
we can wait price pullback to neckline and take a long position. or using 2618 strategy at 61.8 level
potential cypher pattern looks in the making.
price make an inverted head and shoulders targetting CD leg completion.
on the bigger TF we have complete Gartley pattern.
Price break falling wedge. We can consider to buy on pullback to neckline.
Most realistic target is at 61.8 level to retest the previous structure.
Stop below previous low.
Potential Bat pattern on this pair.
for speculative trader, can take long position on break falling wedge.
But i will focus on sell in complete pattern.
Potential Inverted head and shoulders in the making.
RSI Bullish divergent
wait on the right shoulder to buy at 61.8 level.
target on chart.
stop below head
