AS my view to the market this pair is on the resistance and also on a channel like structure not that strong price may go down to touch the trend line hence that's my view (trade with care)
price may move to the downside or it may form a mini double top retest the zone an go downward toward the trend line the there i will be looking for price action for bounce back or continuation to the downside.
on this pair i am anticipating that price may respect the zone or it may go lower to touch the Resistance and also a channel line (trend line/falling wedge) for the journey to the upside (multiple confirmation is a key)
on this pair i am looking forward to get a selling opportunity (selling bias to me) i expect that price may rise a bit to make a double top and the fall down or it may just go down from there that's how i am anticipating but if the price breaks the zone then we will look for reversal candle on trand line if it breaks adjustment will be done (multiple...
on this pair i anticipate the resistance zone will hold and i will get a sell opportunity but we will be looking on what the market is telling us if we get a break of the zone i will be adjusting my analysis to go with the market but with care and discipline.
if get a break to the upside i would be looking for buy option the candle breaking must be 1/3 outside the zone showing that bull momentum
as price is on the zone and also on a bigger rising channel its view that selling opportunity may be on the way (multiple confirmation is everything)
i expect price to go up and look if the channel will hold (buying opportunity)
If i see a strong bearish momentum i will be looking for shorting (cautiously).
short bias on this pair (multiple confirmation is every thing)
selling bias on this pair (just my thought)
i am anticipating for a double top for a shorting opportunity from this rising channel multiple confluence is a key