Price is expected to move down towards 0.74674
However, it can move up and hit the trend line before moving down or it can move down straight away. It will be intersting to see what happens in th next few days
1. There is a strong resistance zone (Weekly ).
2. In past Price has reversed from this zone.
3. Price is not able to break resistance.
4. RSI is moving downwards.
6. The trend is bullish in daily time frame. However in this setup we can take benifit of the retracement.
4.There is decent risk reward ratio. There will be always be good risk reward ratios in...
Head and Shoulders Pattern in making. Traders like to book profit at even numbers. 102.500 is an even number. The probblity of price climbing down is really high.
***This Idea is only for educational purpose***