LOOKING TO GO SHORT AROUND THE 1.618 RETRACEMENT.
I BELIEVE THAT IT IS JUST RETESTING THE TL AND THEN WILL FALL.
THE TDI IS ALREADY OVERBOUGHT.
WAIT FOR CONFIRMATION BEFORE ENTERING.
.382 AND .618 ARE THE POSSIBLE TP'S
PRICE HAS HIT THE EXTREME OF THE PATTERN.
RSI HAS BROKEN VOLATILITY BANDS AND IS OVERBOUGHT.
REVERSAL LINES UP AND A PREVIOUS S/R AREA.
LETS SEE WHAT HAPPENS.
TP IS AT THE .382 AND .618
Possible short. TDI is very overbought. Looks like pattern may be trying to form a double top at completion. Tred carefully. This is only one of the possible patterns for the pair at the moment. Use proper money management. Let's see what happens.
TP's would be at the .382 and .618 FIB retracement.
Possible crab formation.
Glad I didn’t enter at the 2.24. I usually wait for the extreme of the PRZ to hit before I consider entering.
Wait for price confirmation before entering
Let’s see what happens...
Make sure to practice safe trading protocols and appropriate money management.
The Daily/4hr TDI still shows upward movement and the 1 hr TDI shows a possible double top with downward potential. I usually wait for the price line to cross the signal line as extra confirmation.
Make sure to receive confirmation before entering.