Bearish confluence:
- Head n shoulders (Market was unable to make higher highs.)
- Despite all the bullish signals on trendline and 50-ema area, price couldn't go higher.
All of this considered price "should" have already gone higher if the bias would still be up.
My analysis is that this pair is gonna drop hard towards next dynamic support 200-ema.
Entry:
- 1.804
Stop:
- 1.812
TP:
- I would exit at 1.78 - 1.785 area
- Head n shoulders (Market was unable to make higher highs.)
- Despite all the bullish signals on trendline and 50-ema area, price couldn't go higher.
All of this considered price "should" have already gone higher if the bias would still be up.
My analysis is that this pair is gonna drop hard towards next dynamic support 200-ema.
Entry:
- 1.804
Stop:
- 1.812
TP:
- I would exit at 1.78 - 1.785 area