AshwinPicassoPatel

Potential double top

Deciding to post this again and see if target 1 plays out.

The overall trend on this is bearish and it has a steep downward slope, however, as a little entry and to bag a few pips, I am thinking as per previous support price will hit the purple shaded box and bounce off towards the blue diagonal line and then continue the bearish trend.

Watching price and predicting long on previous structure as lines on the chart demonstrate.

Previous structure indicates a break or previous high

Looking to enter long here and use previous structure to set target 1 (GREEN LINE) and target 2 (BLUE LINE) and SL at (BACK LINE). Although I am wary that price has broke the black line but has no closed below.

The red line drawn demonstrated price has like to hover around this area, consolidate and then make its move from there.

Looking at previous structure and the closing wedge on the watchlist to go short. Potential double top as well.

Just a thought on how it may go... side note did not add to the chart previous resistance of 1.31314 might become support

Having looked at previous structure I believe that there might be a breakout soon enough

Looking at previous structure possibly could be heading for black line resistance

Watching and waiting for the breakout

As we can see from previous structure a trend has formed therefore looking for price to enter the shaded box and look for it to go long and get in.

Hit double top and price bounced off previous high... looking to get in but careful about breaking the resistance

Looking at previous structure and our failure to meet or close above the resistance of 05/10/2016 If price hits the shaded circle and bounces off previous structures lines I will be going short.

We broke the resistance of 06/10 but bounced right back, will we break or will there be a pull back.. keeping my eye on this.

Double top short until black line where meets previous structure

On 16/08 price reached 0.86565 and on 26/09 price failed to close at that level or above, closing at 0.86584. Previous structure demonstrates bearish trend...