The market is quite interesting. I did go short, but it was triggered by SL. In my own analysis, if the price pullback is at 142.050, I easily go long position.
The price has been reached the highest peak in November price movement. It resists three times over the last few days. I set the resistance line, it was go higher but it was resist and pullback in the moment. so I set short position to meet the good prospects.
Huge pullback but it can get bounce back to buy. The price currently at the red zone, might be tend to go up and long.
As of this moment, The pair is potentially go short. we just wait for the pullback and reverse the movement and Set to go SHORT!
As I expected, Since the price is Breakout the resistant and pullback or retesting the movement into the resistant area, so GO LONG!
Forming Head and Sholders. Breakout the support and wait for the pullback and bam! long!
Support - 165.821 Resistance - 166.740, When the price is breakout and reach at around 167.337, wait for the pullback around 166.773. Once the candle have a strong bullish, set the long position. tp - 168.078, sl - 166.306.
Initially, we formed the head and shoulders patterns. and we will patiently waiting for retesting or pullback the price to affirm the long position!
Hopefully next week, I will get the big U techniques.