daily candle closed with a shooting star and below a support line.
Price retracement to 61.8% of the pin bar completes a head and shoulder pattern in H1 time frame.
These are signals of a supply zone.
apply risk management.
the yen has to decide strength or weakness this week.
A good sell opportunity in this pair. yen has a role to play in this.
From weekly sign of bullish exhaustion.
61.8% retracement can introduce the sellers. keep an eye
This pair has stood out to be an interesting pair for us to trade but over a week now, it has experienced consolidation and trading within a descending channel in H4. Also, note that support holds at 1485.68 regions. Price is currently at the top edge of the descending channel which can attract the sellers. a breakout to the upside is a confirmation to buy the...