the pair shows bearish exhaustion on the daily and closed above my resistance. waiting to see a retest for a buy to the next resistance before taking short position.
AEX is running out of steam and created a zone of rejection at the all time highs. Price is now likely to go down.
What might potentially happen:
- Price goes down to 540 area and bounce back
- Prices goes down to 540 area and break further down towards the 500-510 area.
