Old strong resistance turned new support and TL been used as good support also, price is currently sat at both of these so we can only see price movement to the upside.
A double setup where 2 things confirm it is a good trade to take cant be ignored, look at it like this.... You are looking for a film to watch ( not a mucky adult 1 ) ;p you come across a film but...
*I expect a little correction after this strong uptrend movement to test at least the previous higher high/*possible formation of bearish shark pattern
The pair is at double resistance and looks about to break down which if it does will provide plenty of downside and good opportunity to go short.
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Traders,
Bears are in at a great level, after the compelling evening star in the small rounded top base, expecting some good move now. After testing and proving the sideways line is a sideways support/resistance trend line whilst hitting the small wave retracement, the move is validated for shorts, and expecting some nice lows here.
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