Two Patterns are merging in the small range. it potentially will result in hard sell.
High Probability Setup with confluence of strong support and resistance lines.
Potential Bullish Divergence if price turns up from the area mentioned in the chart,
It looks so simple!!!!!!!!!!!
Price is coming down to test key support area for further bullish boost.
Bat is going to complete in support area. Chances of success are high.
Potential short scenario. details are on the chart.
Critical Area to Watch. if closes down in weekly closing will lead more sell off in the pair.
hard sell upon reaching the area.
Details are on the chart.
1. Weekly 200 SMA 2. Old broken trendline 3.Horizontal Support line 4.Fibonocci 61.8 Retracement
As you can see price previously has broken the resistance in the channel which is support now. going to buy when price will touch this support.
1.Falling trend line 2.H4 200 SMA 3.Horizontal resistance 4.61.8 Fibonacci retracement
Long upon retest , TP is resistance mentioned in the chart.
bullish divergence on 15 minutes time frame.