The chart show us the monthly strong resistance were around 1.22xx. If the price break through the first sell level. The price might reach the major resistance as the forecast .
Meanwhile, we can start some long position if the candlestick pattern show some strong support around 0.618.
But no doubt, the long term ...
the candle stick stand still as the preview forecast. But there is a little bit of additional comment.
We get a evening star signal for this week chart . And the Bearish might continue around 1.55x .
There would be a good chance to capture the fortune.
from the RSI and stochastic of weeks,days, and 4 hours chart. It hit the bottom at all three time frames . It will retrace again around the resistance 1.365x. From this point , we can rejoin the down trend and make profits.
If you are a swing trader . You may join in for a short up trend but please do set your ...