Price has reached a key area of support & resistance, where previously price made a strong impulsive movement to the upside from this zone. I am anticipating for price to rise back up into resistance again.
Comment:
Potential head on shoulders pattern could b pin the making too as price may rise for a right shoulder into resistance where I will look for signs of a reversal again.
Order cancelled:
Setup invalidated, price broke the support zone & the bearish momentum continues.