I opened a sell trade.
I'm shorting this pair.
Looks like a channel to me but I prefer setting buy orders a couple of pips above current high. Weekly candle closed strong.
Feels like there is still room to the upside.
Price might continue its journey to the north.
This pair might advance to next resistance point. However it has to be noted, that this pair is very volatile.
Price might retest recent resistance level.
This correction can bear a few pips for intraday purposes.
Bulls might push price to first resistance level.
Price might do a retest.
Sell orders advised.
Limit orders advised.