Open with a gap up to set weekly high - stop zones within previous high and then a sharp drop to around 1.23 followed by mid-week reversal to potentially the 1.27 fib extension
Daily chart completion of head and shoulders imminent.
Agreement with RSI and chart outlook.
Would mark entry on lower timeframe after last kiss on new resistance zone.
4hr is meeting the trendline after having 4-5 touches of the top of consolidation zone.
Daily momentum decreased showing bear pull and bull weakening.
RSI divergence present.
this looks like a strong sell opportunity if the trends are respected.
orange, red, blue are respectively weekly, daily, and 240 trend and support/ resistance.
I'm looking for a double top scenario for a short position 2618 trade.
4h candle has closed beneath weekly support, so it could just continue bearish.
This pair is one to watch this week.
