Long analysis
If price break the resistance zone wait for retest don't fall for bear trap or false break out
Enter in retest after break out 1795.36 or if your are little bit more aggressive you can long in trendline acting as support since there big rejection coming from bulls
Short Analysis
If price broke support trendline and support zone wait for retest to...
Waiting for 61.8% or 50% retracement to enter the trade since from the start of ascending channel price respects the 61.8% Fibonacci retracement thrice and 50% retracement once.
First impulse 373 pips for 7 trading days starting from 151.42 to 155.15
Descending channel correction price closed at 61.8 retracement of impulse move(151.42 - 155.15), price test the 61.8 forming a double bottom(152.78)
A bounce back on 61,8 retracement/double bottom destroying the descending channel(110.5 pip) afterwards price again retrace hold at 61.8...
