Looks like an Elliot Wave - C leg.
A good place to retrace- Fibonacci Level 50.
100 EMA also walking on that Fib level.
A Potential Head&Shoulder waiting if can break the Support line.
Compare to the race from 7th March- momentum is now slower and had a rejection on 15th March.
Another reason is too much marketing of Coinbase listing ADA, means Big Boys' game....
Based on the Fib retrace from 61.8.
Almost touching the Daily R2 Pivot point.
Formed Gartley Harmonic pattern (Bearish Butterfly)
But, just worried about fundamentals! What makes USD weak? Trump's tweet! But can't see any at the moment!
Will touch the 50 EMA which is acting as Resistance Level.
EMA or Descending trend line will hold the Bulls!
Strong Resistance level around 1.1358.
Possibly a Pinbar candle has formed. This Support Line has been respected previously 15/08/2018.
US has imposed 10% tariff on China's $200 Billions import item.
Just found out this potential - 'Bearish Butterfly' on a 15-minute chart. I have checked on 1-Hour chart- looked OK and in a 15-minute chart it looks more convincing.
I will be greateful if someone can give me suggestions- how to improve my charting skills!