The market broke the down trend and retested it. For confirmation the market tested the daily pivot and held, the market is heading to resistance number 2.
Down trend channel price is now respecting 1.28861 resistance forming a triple top with price on the following dates:
2018.11.22 20:13
2019.01.30 01:43
2019.02.15 23:57 Current
Expecting Price To Fall On 1.27807 Support Level (Target)
Start Selling After Market Opens For The Week!
We broke the Chanel downwards, price is now about to retrace back to the trend line to respect
it giving us another sell opportunity.
Enter Sell on 1.1320
Target is 1.1210
Stop lose 1.1359
Two scenarios:
First scenario if we break the 21190 resistance we are looking 21270 and 21400 as target.
Second scenario we are looking to retrace towards 20940, then continue with our long position 21270 and 21400 as targets.
I prefer the second scenario over the first one to most likely to happen.
