There are few important things to mention
Last push was stopped by second important GAP which is clearly visible on the chart.Pair is rejected continuously for the last week or so.
It seems to me that 2000 is playing role here as another psychological number which holds pair steady also there are some possibilities to consider.
- Pair will try to move with full force above GAP.
- Pair will move lower to bounce again from 200EMA
- Pair will move down to bounce from lower GAP
The area marked by eclipse is in my opinion false rejection signal. The latest higher high should be beaten some time in future.
I draw possible 200 ema movement in the future which are not updated after idea is published
Last push was stopped by second important GAP which is clearly visible on the chart.Pair is rejected continuously for the last week or so.
It seems to me that 2000 is playing role here as another psychological number which holds pair steady also there are some possibilities to consider.
- Pair will try to move with full force above GAP.
- Pair will move lower to bounce again from 200EMA
- Pair will move down to bounce from lower GAP
The area marked by eclipse is in my opinion false rejection signal. The latest higher high should be beaten some time in future.
I draw possible 200 ema movement in the future which are not updated after idea is published
indeed It was madness